Contact Information
Laura Lundquist
Cobb, Lundquist & Atnip, Inc.
Mobile Home Park Details
- Price: $7,195,000
- Listing ID: 3597508
- Posted On: Aug 28, 2023
- Updated On: Mar 19, 2024
Description
Please DO NOT contact the park managers, they are unaware the parks are for sale. For more information, including financials, please call or email me at 361-510-0548 or laura@lundquistproperties.com
215 Lots (including apartments and a house)
- All Age/Family Parks
- Majority TOH or Short-Term RTOs (park not responsible for
maintenance on RTOs)
- Majority of Tenants pay Online through Rent Manager
- Majority of Tenants utilize online system for all Maintenance
Requests through Rent Manager
- Rent Manager Software @ All Parks – easy to manage.
- Stabilized – High Occupancy – Average around 85%
- City Water & City Sewer (except Flour Bluff Park has septic tanks)
- On-Site Managers
- Park Rules are Enforced
- Parks are Well Maintained and Low Maintenance
- All Parks Cash Flow
- Average Lot Rent - $445
- All parks are located in cities with high demand and high growth
areas.
- Expansion Opportunity at Esperanza Park - approximately 15 lots + other
revenue-generating sources.
**Seller is open to selling parks individually.
**Agent is related to the Seller
Location
South Texas - Corpus Christi and the Rio Grande Valley areas.
Amenities
- Laundromat
- Storage
Park Information
Number of MH Lots: | 206 |
Total Occupancy: | 90.0 % |
Average MH Lot Rent: | $445 |
Size: | 21 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |