420 Martin Luther King Drive Mexia, TX 76667
Listing Courtesy of: NTREIS / Coldwell Banker Realty / Mitzi Eves - Contact:  254-562-7899

  420 Martin Luther King Drive Mexia, TX 76667

Active (539 Days)
$375,000

Description

GREAT RENTAL AND INVESTMENT PROPERTY ON HWY 14 - This property currently has 4 Manufactured Homes, a Cabin and room to add more. The existing MH on this property have all been purchased elsewhere, moved here and remodeled over the years. Current inventory of rentals: 1) MH 750sf, 2) MF 1116sf, 3) MH 750sf, 4) MF 1824sf, 5) cabin 480sf. Additionally there is a metal building 1200sf; 3 sided, tall roofed metal carport 400sf; and a portable single metal carport. The property has room to add more Manufactured Homes for increase income potential. Possibly add RV camper sites with County approval and septic availability. The property is being surveyed - should be 3.04 acres per a NEW SURVEY. Listing Agent has several Lenders that will loan on moved MH.

MLS #:
20517554
Lot Size
4 acres
Type
Multifamily
Year Built
2007
School District
Mexia Isd
County
Limestone County

Listed By

Mitzi Eves, Coldwell Banker Realty, Contact: 254-562-7899
Source
NTREIS
Last checked Jul 16 2025 at 6:42 AM GMT+0000
Bathroom Details
Interior Features
  • Built-In Features
  • Cable Tv Available
  • Decorative Lighting
  • Eat-In Kitchen
  • High Speed Internet Available
  • Paneling
  • Pantry
  • Dishwasher
  • Electric Range
  • Refrigerator
Property Features
  • Foundation: Pillar/Post/Pier
Heating and Cooling
  • Electric
  • Ceiling Fan(s)
  • Central Air
Flooring
  • Carpet
  • Linoleum
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: All Weather Road, Cable Available, City Sewer, City Water, Electricity Connected, Outside City Limits, Septic
School Information
  • Elementary School: McBay
Parking
  • Common
Additional Information: Dallas | 254-562-7899
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 07, 2025
Price Changed
$375,000
-4%
-14,900
Jul 23, 2024
Price Changed
$389,900
-9%
-40,000
Jan 22, 2024
Original Price
$429,900
-
-
Disclaimer: Copyright 2025 North Texas Real Estate Information System (NTREIS). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/15/25 23:42