Mobile Home Park Details

  • Cap Rate: 10.5%
  • Listing ID: 13201
  • Posted On: Jun 2, 2010
  • Updated On: Jul 6, 2011

Description

Price was $17,700,000, reduced due to built-out cost less than estimates

New 4.5 star community, 319 spaces, all built and ready.City water, sewer and trash, all resident paid. Brick community bldg. with 3 offices, kitchen, restrooms computers, etc. Pool plus kiddie pool, clubhouse with pool chairs, storage bldg. Beautiful stone entrance with controlled access gate. 262 spaces with homes on, most less than a year old. Many homes sold on contract, with payments discounted approx. one third for your added profit. 57 spaces vacant from new for your upside too. Income be over $2,000,000 per year plus the 57 spaces!! Price includes park and all the contracts. Great location just off the I-410 Beltway.

PRINCIPALS ONLY PLEASE.

Amenities

  • Storage
  • Pool
  • Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 319
Total Occupancy: 82.0 %
Average MH Lot Rent: $395

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City