Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 13.0%
- Listing ID: 13178
- Posted On: Jun 2, 2010
- Updated On: May 26, 2011
Description
Presented by Brazoria Estates
Serving You 7 Days a Week”
Mobile Home Park with amazing owner financing!!
Cap Rate: 13%
Highlights
Nice, 14 space park. Rents have not been increased for several years. Two + acres. Taxes are very low.
Terrific location, a few minutes from Highway 288, located between Houston/Freeport and a few short minutes from
A number of industrial plants and from Surfside Beach. Huge demand for rental homes.
Private Trash Pickup
City Water and tenants pay “all” utilities and lawn service.
New Sewer/ to be installed shortly, or a new owner can upgrade yourself with a nice price adjustment.
Offered at $ 571,000, owner financing is available.
Cap Rate 13 % with 14 spaces and 11 homes
Manager will stay on for new owner, however, the property does not require full time on site management.
All offers entertained. Very lucrative terms and finally an owner open to creative financing.
Total Monthly Expenses
816.00
Cap rate of 13
Make an offer!Maureen Irwin Tel: (832) 868-8566—
Email: maureenirwin@yahoo.com
Let me know if you care to make arrangement to see the park.
Park Information
| Number of MH Lots: | 14 |
| Total Occupancy: | 98.0 % |
| Average MH Lot Rent: | $200 |
Financial Information (Actual)
| Gross Income: | $84 |
| Operating Expense: | $9 |
| Net Operating Income: | $74 |
| Expense Ratio: | 10.7 % |
Lot Information
| Singlewide Lots: | 14 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $525 |
