Town & Country is an exceptionally attractive, well maintained Mobile Home Community with 45 spaces on approximately 7 acres in the City of Sherman, Texas. Included in the sale price are about 16 NOTES RECEIVABLE, totaling about $258,000.00 on mobile homes which have been sold by the park. Additionally, there are 6 mobile homes to be sold for a total of about $160,000.00. These are all newer mobile homes in prime condition and many are doublewides. All spaces (except 1) will accommodate doublewides and there are presently 14 doublewides in the park. THERE ARE NO PARK OWNED RENTALS. All leases are for 30 days with automatic renewal, although tenants have the right to request 6 month leases. All tenants have signed a lease and set of rules and regulations. All tenants must fill out an application and be approved by management prior to occupancy.

The park has city utilities with one master water meter. Each lot has a water meter and tenants are charged for their own usage. Natural gas is provided by the gas company. Each tenant has their own electric meter and ELECTRIC LINES ARE UNDERGROUND. Each lot has cable TV. No fences are allowed, although a few remain under a “grandfather clause†until the tenant moves or sells the mobile home..

The City of Sherman, Texas is located at the crossroads of U.S. 75 and U.S. 82 in North Texas. It is a community of about 36,000 and is home to several Fortune 100 industries Sherman is 60 miles north of Dallas – close enough to the Dallas –Fort Worth Metroplex to access the urban amenities. A complete list of area employers is available upon request

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PRICE: $1,200,000.00
DOWN PAYMENT: 400,000.00
TERMS: $ 800,000.00 payable to Seller at $6,500.00 per month
Including principal and interest at 6% per annum for
10 years when the remaining balance is due.

**The price of $1,200,000.00 includes the notes receivable of about $258,000.00 and the mobile homes to be sold for about $160,000.00, a total of about $418,000.00, leaving the price of the park (the real estate) under $800,000.00

FOR FURTHER INFORMATION OR TO VISIT THE PROPERTY, PLEASE CONTACT WAYNE LINSCHEID, SELLERS AGENT. BROKER CO-OPERATION IS NOT AVAILABLE ON THIS PROPERTY.