Cavalier Mobile Home Community Texarkana, TX

Expired  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 132872
  • Posted On: Apr 11, 2013
  • Updated On: Oct 16, 2013

Description

Lots: 49
Lot Only: 5
LTO: 34

Location

Cavalier Mobile Home Community is located conveniently off the loop in Texarkana on a main 4 lane highway with a significant amount of daily traffic passing by our community. The park is set back from the highway with a white vinyl fencing, trees, and a country estates type appearance.

-Population increase of 8% over the last ten years.
-Unemployment rate is 1.5% below national average - very positive.
-Future job growth of 31.26% - very positive.
-There are 5 major hospitals in or near Texarkana.
-10 Univesities/Colleges including Texas A&M University in or near Texarkana.
-Located in top school district.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Get Financing

Park Information

Community Type: All Age
Number of MH Lots: 49
Total Occupancy: 82.0 %
Year Built: 1990
Average MH Lot Rent: $250

Financial Information (Actual)

Gross Income: $192
Operating Expense: $64
Net Operating Income: $128
Expense Ratio: 33.3 %

Lot Information

Singlewide Lots: 49

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $350

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 34
Average Rent for Park-owned Homes: $495

Similar Mobile Home Parks for Sale