Listing provided courtesy of Aspire Investments LLC- MLS# 21060034MLS ProviderContact Information: Sherry Patterson - 817-666-3336

12700 Mineral Wells Highway #1Weatherford, TX 76088

Multi-Family · 2,200 Sq. ft. | 9.24 Acres
$1,225,000 Active

12700 Mineral Wells Highway #1 Overview

Visits:
6

100% Bonus Depreciation Opportunity – Acquire now to take advantage of immediate write-offs under current tax law, significantly enhancing first-year returns. This park is 100% full and will be for the next couple of years due to the pipeline being built. Turnkey RV Park with Scenic Views, Multiple Rental Units & Expansion Potential – Next to Mineral Wells State Park Rare opportunity to acquire a RV park in a prime location. This income-producing property features 26 full hook-up RV sites, each with 30 & 50 amp service and individually metered electric, allowing for streamlined utility management and tenant responsibility. Perched on a hilltop, the park offers beautiful panoramic views and direct proximity to Mineral Wells State Park, attracting outdoor enthusiasts, weekend travelers, and long-term guests alike. Key Features: 26 full hook-up RV spaces (individually metered for electric). 2 bed, 2.5 bath brick home currently leased as a long-term rental. 1,300 SF barndominium apartment generating additional rental income. 1,300 SF of enclosed storage space that could be made into another apartment. Three fully functional tiny homes, ideal for short or long-term rentals. One additional tiny home ready for renovation and increased revenue. City water provided through a rural water supply company. Septic system in place. Amenities include a laundry shower room, dog run, community fire pit, grills, and picnic tables. Sitting on over 9 acres, the property includes 4 acres of undeveloped land, perfect for expanding RV sites, adding cabins, glamping units, or other recreational amenities. There are lots of areas for value add. Whether you're looking to grow your hospitality portfolio or operate a profitable lifestyle business in a sought-after Texas location, this property offers strong cash flow and significant upside potential.

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12700 Mineral Wells Highway #1 Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,200
  • Price/Sq.ft. $557
  • Lot 9.24 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Mineral Wells ISD
  • Elementary School: Houston
  • Middle Or Junior School: Mineralwel
  • High School: Mineralwel

Income/Expenses

  • Gross Income: 226908.0
  • Insurance Expense: 6000.0
  • Net Operating Income: 146990.0
  • Operating Expense Includes: Insurance,Maintenance

Building Information

  • Year Built: 1999
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Parker
  • Postal City: WEATHERFORD
  • Subdivision Name: Eagle's Nest RV Park

Tax Information

  • Tax Annual Amount: 7272.0

General Information

  • Parcel Number: R000048622
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Other
  • Building Area Total: 2200.0

General Information

  • Flooring: Concrete,Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Other
  • Levels: One
  • Stories: 1

Unit Information

  • Unit Number: 1

Exterior

Parking Information

  • Parking Features: Assigned,No Garage
  • Parking Total: 56.0

Lot Information

  • Lot Features: Acreage,Steep Slope,Few Trees
  • Lot Size Acres: 9.244
  • Lot Size Area: 9.244
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 402668.64
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public,Private

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Metal Siding
  • Roof: Composition,Metal

General Information

  • Number Of Units Total: 28
  • Pool Features: None
  • Sewer: Septic Tank
  • Utilities: Septic Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12700 Mineral Wells Highway #1 Market Data

Based on the last 30 days in this zip code

$727,932
Average List Price
$282
Average Price per Square Foot
20
Properties Sold
116
Average Days on Market
144
Properties for Sale
Calculations provided by Reliance Network


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