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
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 |