Windmill Mobile Home Park 21601 New Combes Hwy, Harlingen, TX 78550

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Listing ID: 1150050
  • Posted On: Oct 29, 2019
  • Updated On: Jul 10, 2023

Description

VBC Holdings is excited to present Windmill Mobile Home Park in Harlingen, TX. Windmill Mobile Home Park is comprised of 24 units with great opportunity to add value through the sale of all park owned homes. Currently there are 6 lot rent only units, 17 park owned homes and one house. 10 of the park owned homes were purchased and set in 2018 with a current value estimated at $400,000. There are many opportunities to increase this park’s NOI through decreased taxes and insurance, raising rents, allocating all utilities.

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Park Information

Number of MH Lots: 24
Total Occupancy: 70.0 %
Average MH Lot Rent: $450

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $720