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420 Martin Luther King Drive, 
Mexia, TX 76667

$375,000


Bed


Bath


4,920

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mitzi Eves

Last updated:

July 26, 2025, 11:30 AM

MLS#

20517554

Source:

GDAR

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About This Home

420 Martin Luther King Drive

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.

Home Facts

Multi-Family

Built in 2007

Price Summary

375,000

$76 per Sq. Ft.

MLS #:

20517554

Last Updated:

July 26, 2025, 11:30 AM


Rooms & Interior

Interior

Living Area:

4,920 Sq. Ft.


Structure

Structure

Building Area:

4,920 Sq. Ft.

Year Built:

2007


Lot

Lot Size (Sq. Ft):

174,240


Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$76 per Sq. Ft.

420 Martin Luther King Drive
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Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated July 26, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Realty.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.