Courtesy: Exit Realty of Lubbock
806-771-3900
TWO Manufactured Homes-1.248 Acres-INVESTMENT OPPORTUNITY! Great opportunity in New Deal! Situated on 1.248 acres, this property features two Manufactured Homes, city water, and existing 4 electrical infrastructure-all offered at $99,000 The Front home is approximately 1,300 sq. ft., has been updated, and has previously rented for $900.00/Month. The second home is approximately 1,200 sq. ft. and offers additional income potential, with estimated market rent of approximately $650.00/Month. Based on those figures, potential combined gross rental income is aproximately $1550/Month or $18,600 annually. Whether you're looking for an investment property, an opportunity to live one home while renting the other, or a property with room and future possibilities, this one deserves a look. Existing utility infrastructure may provide additional flexibility involving the existing manufactured-home sites, subject to applicable City of New Deal requirements. Two Homes. 1.248 Acres. INCOME potential $99,000.00 Seller has existing surveys available. If Buyer or Buyer's lender/title company require a new or updated survey, Buyer shall obtain and pay for the new or updated survey.
New Deal is located in Texas. New Deal, Texas has a population of 1,227. New Deal is less family-centric than the surrounding county with 27.73% of the households containing married families with children. The county average for households married with children is 31.73%.
The median household income in New Deal, Texas is $83,607. The median household income for the surrounding county is $56,529 compared to the national median of $69,021. The median age of people living in New Deal is 47.5 years.
The average high temperature in July is 91.7 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 20.1 inches per year, with 7.5 inches of snow per year.
