Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Listing ID: 112036
  • Posted On: Dec 17, 2011
  • Updated On: Mar 8, 2013

Description

Own an income producer in beautiful Port Aransas, Texas! Gulf Breeze RV has 22 active spaces but is licensed for 23. Of the 22, 7 are occupied with park owned models ranging from 1 bedroom RV's to 2 bedroom mobile homes. In addition, there is a 3 year old metal skin pole barn with concrete foundation, a 3 bedroom double wide mobile home for owner/managers or additional rental income, and a small laundry room. Of the 7 park owned models, 5 are short term rentals. Average space rent is 300/mo. Average monthly rental income on park owned models is 650/mo and average short term income (during spring/summer) per rental is $1800/mo! It is not difficult to see that this property is extremely underutilized! Land is approx. 1 acre and is situated 4 blocks from the Gulf of Mexico. Centrally located between beach and town in a very quiet neighborhood. Park stays occupied 90 to 100% Also, park is zoned R2 and has large water cap which will allow new owner to eventually develop into townhouses or other domiciled income producer. What really sets Gulf Breeze apart from other rv and mobile home parks in town are the people who live and work here. It has been a long and ongoing process but our client list is made up of professionals as well as retirees and everyone gets along wonderfully. There are no party animals nor is there 2am traffic. Everyone pays the rent on time and keeps their yards neat and free of clutter. Gulf Breeze RV is truly a special place.

Location

Port Aransas is the jewel of the Texas Riviera. This is some of the most sought after land in the state of Texas. Gulf Breeze RV sits on a quiet street next to a well maintained Episcopal church only four blocks from the beach. Possibilities abound and include 23 possible short term rental units which can be full for spring, summer, and fall, then occupied by winter Texans during the off months. Use your imagination, the sky is the limit with this location.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $300
Size: 1 acre(s)

RV Information

Number of RV Lots: 15
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $650

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