Karnack, TX 75661 505 Bub Hayner Road

Caddo Lakefront Apartments Complex, Private Boat Ramp, 4 RV sites and 2 HOMES!! 9 Unit Apartment Style Townhomes and a home, all Located on Caddo Lake! NO HOA! 2 homes, 4 RV pads and fishing pier and priavte boat ramp. Room to add more units. No restrictions and situated on 7.7 acres UNIT 1 : 3-2 rented at $1250 renovated 2024 UNIT 2 : 3-2 rented at $895 renovated 2022 UNIT 3 : 1-1 rented at $650 (manager lives discounted rent)-wants to stay UNIT 4 : 3-2 rented at $1050 renovated 2024 UNIT 5 : 2-1 rented at $895 renovated 2024 UNIT 6 : 2-2 rented at $950 UNIT 7 : 1-1 rented at $700 renovated 2024 UNIT 8 : 2-2 rented at $ 950 renovated 2024 UNIT 9 : 1-1 rented at $720 renovated 2024 HOUSE : 3-2 rented at $800 partly renovated 2024 4 RV sites, currently vacant. Proforma 400 per monthX 4= 1600 per month. 2 homes, 1500 per month and 1800 per month. One of homes went vacant on August 1st, so could be owner occupied and was recently remodeled. TOTAL CURRENT ACTUAL MONTHLY GROSS $10,360 TOTAL YEARLY GROSS $ 125,000 Mowing : $3000 Trash : $2800 Insurance( currently none) anticipated 10K per annum Proforma monthly- 13,760 Proforma annual- 165,120 Proforma NOI- 136,000 Perfect for owner operator or investors! Newly Renovated and offering seller financing for qualified buyers! Information enclosed deemed reliable but not guaranteed by listing broker. Buyer is responsible for his or her own due diligence. Listing broker cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.Turn Key property group and its affiliates do not assume any legal liability for the accuracy of the enclosed information regarding subject listing. DO NOT DISTURB, SHOWINGS by appointment only. This is a fully occupied property.