Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Listing ID: 1191991
- Posted On: Feb 17, 2020
- Updated On: May 13, 2020
Description
JTACR is pleased to present Pine Hill Mobile Home Park for sale.
Pine Hill is nestled right off of I-30 in Mount Pleasant, Texas, 121 miles east of Dallas, on a private road surrounded by pine trees and a small creek, in a quiet, wooded area.
Pine Hill is located near multiple mass employers such as Lowe’s Distribution Center, Big Tex Trailers, Jordan Health Services. Other occupations include management, material moving, and administrative support. With its convenient location to these mass employers, many tenants choose to stay in this quiet, close knit community long term.
Current ownership is local, but not onsite. The park stays near full occupancy. The owner does not market or advertise. All business is generated via word of mouth.
Pine Hill is 25 miles away from its sister community, which is also for sale. Upside potential includes an opportunity for expansion, with the property being 18.47 acres and approximately 50% utilized. Rents were raised in January of 2020. Current rents range $280-$550 based on home size, length of lease and number of tenants. Comparable home prices range from $750-$800.
Location
Right off of I-30 in Mount Pleasant, Texas, 121 miles east of Dallas, on a private road surrounded by pine trees and a small creek, in a quiet, wooded area.
Park Information
Community Type: | All Age |
Number of MH Lots: | 24 |
Total Occupancy: | 90.0 % |
Year Built: | 1985 |
Average MH Lot Rent: | $280 |
Size: | 18 acre(s) |
Financial Information (Actual)
Gross Income: | $95,810 |
Lot Information
Singlewide Lots: | 18 |
Doublewide Lots: | 6 |
Utility Information
Water: | City |
Water Paid By: | Tenant - RUBs |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 18 |
Average Rent for Park-owned Homes: | $475 |