1143 Navaho, Cherokee TX 76832 1.5+/- Acres

Own a set of four renovated rental homes in a nice hill country setting. All four homes are set on 1.5 +/- acres and each home has its own electric pole. There is also a water well (100 GPM) on the property that supplies water to the homes. This property is one mile from the town of Cherokee, and is in the Cherokee ISD School District. It is within 1.5 hours (91.8 miles) from Austin, TX. and a short drive to either Llano(16.9 miles) or San Saba (15.7 miles).  The first home (Unit A) is 1216 sq ft with 3 Bed / 2 Bath. The second home (Unit B) is 900 sq ft with 2 Bed / 2 Bath. The third home (Unit C) is 1064 sq ft 2 Bed / 2 Bath. The fourth home (Unit D) is 840 sq ft, 2 Bed / 1 Bath. This property also has room for additional homes if the buyer chooses to add new units. This would be a good opportunity for a buyer who wants to own rental property. (( There is an additional 5.5 +/- acres available along with a 2nd well))

• The 4 mobile homes have been rented 100% for the last 4 years. Yearly net profit is $24,000 per year. A 5th mobile home goes with the purchase but has not been remodeled.
• Additional approx 5.5 acres, which has a 99+ per gallon well, my be purchased with the 1,5 acres and mobile homes for $125,000.
• $550,000 total: 4 income producing rentals, 1 mobile home (not remodeled or rented)  2 – 99+ per gallon water wells, completely fenced and over 1200 feet of paved road frontage (navaho trail)

Please give Agent Jerry Burkhart a call with any questions! 325-203-0815

Disclaimer: All information deemed reliable but not guaranteed. If there is another broker/agent representing the buyer, they must accompany the buyer at the initial and all other showings.