Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0% (Pro Forma)
- Listing ID: 1353160
- Posted On: Nov 9, 2020
- Updated On: Apr 21, 2021
Description
This park is located on 9.8 acres near the town of Sweeny which has a great school district , It is located in Brazoria County one of the fastest growing Counties in Texas. This location gives good access to all major employers Phillips Petroleum Company and Taneris Pipe company and Dow Chemical These Companies are projecting Billions of dollars in growth in their operations. There are 28 rentals that bring in over $ 20,000.00 per month in rents all units are park owned . This park can be operated with on site management by someone that wants to retire early , and work about 3 hours a day and have a great income or there is a site designated for a Park Host. Call me for more info Bob Peltier, broker, 979-849-1238. See attached flyer. Info deemed reliable but not guaranteed. Buyer to verify.
Location
7588 FM 1459, Sweeny, TX 77480
Park Information
Community Type: | All Age |
Number of MH Lots: | 28 |
Total Occupancy: | 90.0 % |
Year Built: | 2002 |
Average MH Lot Rent: | $728 |
Size: | 10 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $18,096 |
Operating Expense: | $6,965 |
Net Operating Income: | $11,131 |
Expense Ratio: | 38.5 % |
Lot Information
Singlewide Lots: | 13 |
Park Model Lots: | 13 |
RV Information
Number of RV Lots: | 14 |
Average RV Lot Rent: | $595 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 28 |
Average Rent for Park-owned Homes: | $728 |