Status
Market MatchUP
How this home compares to similar 2 bedroom homes in Wills Point- Price Comparison$142,978 higher
- Home Size313 sq. ft. smaller
- Built in 1998Older than 54% of homes in Wills Point
- Wills Point Snapshot• 123 active listings• 14% have 2 bedrooms• Typical 2 bedroom size: 1293 sq. ft.• Typical 2 bedroom price: $242,021
Description
INCOME PRODUCING PROPERTY with HUGE development potential! This versatile 3.3-acre property is LESS THAN A MILE from the sparkling shores of Lake Tawakoni, placing you in the heart of one of East Texas’ most sought-after recreational areas! Whether you’re looking for an investment with immediate returns or a blank canvas for your next big idea, this property delivers on BOTH! Currently, the property includes THREE MOBILE HOMES — two of which are occupied with reliable, LONG TERM TENANTS and a proven rental income history! This provides a steady cash flow from day one, while the third home offers flexibility: rent it out for additional income, use it as an on-site manager’s residence, or transform it into a personal getaway near the lake for your very own lakehouse! The grounds are fully fenced and accessed through a gated entrance, offering both privacy and security. A LARGE WORKSHOP provides ample space for storage, equipment, or expansion — perfect for lake toys, RVs, boats, or even a small business operation. With flat, usable land and easy access, the property is primed for multiple uses! Thanks to its excellent location and generous acreage, this site is well-suited for future ventures such as: an RV park or campground to capture the area’s tourism traffic, boat storage or lake-related rental services, additional mobile homes or cabins for short- or long-term rentals, or many other commercial or recreational projects that take advantage of the lake’s popularity! Lake Tawakoni’s fishing, boating, and outdoor activities draw thousands of visitors each year, making this property a rare opportunity to combine immediate income potential with long-term growth possibilities. With its strong rental history, secure infrastructure, and prime location, this is an investment you can put to work right away while you plan your next phase!
MLS Listing ID
Listed By
Map
Estimated Monthly Payment
$3,324Loan Amount
$365,750This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.
Home Facts
Bathroom
Kitchen
Appliances
- Electric Range
- Dishwasher
Highlights
Interior Features
- Other
Roof
- Composition
Levels
- One
Cooling
- Central Air
- Electric
- Ceiling Fan(s)
Pool Features
- None
Parking Features
- Carport
Heating
- Electric
- Central
Utilities
- Water Available
- Electricity Available