Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Contact Information
Charles Camp
Exit Realty of Lubbock
Exit Realty of Lubbock
Mobile Home Park Details
- Price: $1,650,000
- Purchase Method: New Loan
- Cap Rate: 6.0% (Pro Forma)
- Listing ID: 1023836
- Posted On: Jan 18, 2019
- Updated On: Feb 6, 2025
Description
WRMHP has 27 spaces and 5 houses with enough vacant space to add 15 to 30 more spaces. Parks rents the 5 houses and 18 Park owned MH's generating about $14,000 per month in revenue. Vacant space in front of the park that could add 3 to 5 RV spaces, The Park is in 2 land partials; the rear partial has about 1.5 acres not being used
Located next to the property owned by a $1 Billon Cheese Factory that is in the process of hiring 2000+ employees.
Location
From East Loop 289 go east 1 mile on FM 40(4th St or Acuff Rd) west Roosevelt Mobile will be on the south side of FM 40.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $250 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $162,000 |
| Operating Expense: | $65,000 |
| Net Operating Income: | $97,000 |
| Expense Ratio: | 40.1 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $600 |
