Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 10.0%
- Listing ID: 105977
- Posted On: Sep 25, 2011
- Updated On: May 13, 2014
Description
Bank Financing Available with 30% down. MLS:9573672 3 Homes on 10 acres. This property would make a great homestead or investment property. Combined rents of $2495 per month with 3 units. City approvals in place for 3 additional units and space available for 10. Please don't disturb tenants. Home viewings with accepted offer.
Location
Hwy 183 to Lockhart. West on Hwy 20-State Park Road, North (right) on CR217-Fentress Road. Right on Ward Lane. New SH130 toll road just completed for easy access to Austin or San Antonio.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $0 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $29,400 |
| Operating Expense: | $6,841 |
| Net Operating Income: | $22,559 |
| Expense Ratio: | 23.3 % |
Lot Information
| Park Model Lots: | 6 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $832 |