Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1438627
  • Posted On: May 14, 2021
  • Updated On: Jun 17, 2021

Description

Utilities: Water, electric, and sewer are all on city utilities. There is one main water meter for the property. The electricity is sub-metered, and tenants pay their own electricity. The trash is picked up by the city and is included in the electricity bill the tenants pay. The water is paid for by the park and is included in the rent. Water bill is around $250/month

There are 20 lots.
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Current total rents: $1,350.00. 2 tenant owned homes @ $410/month and 1 parked owned home that rents for $530/month. Rents include water.
1 additional tenant owned home was just rehabbed by tenant and they are actively selling it. They are currently paying $410/month but the person that buys it may move from park so I am not including this is rent until new buyer signs a lease.

3 Park owned homes are currently vacant and are being prepared to rent out or owner finance. This will generate an additional $1,230.00 in lot rents ($410 x3).

There are another 5 park owned homes that are in need of full rehabs and some may need to be removed.

Property is not in a flood zone.

Asking $199,900

About Hondo:https://www.mysanantonio.com/real-estate/sellingsa/article/Hondo-Historic-city-in-God-s-Country-16077999.php

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 20.0 %
Average MH Lot Rent: $410
Size: 4 acre(s)

Lot Information

Singlewide Lots: 20

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $530