Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.5%
- Listing ID: 1501757
- Posted On: Aug 23, 2021
- Updated On: Jan 4, 2022
Description
Investor opportunity in growing area! 6 mobile homes on 1.66 acres. Property is zoned commercial. Four of the units are 3 bedroom, 2 bath mobiles. There is one 2 bedroom, 2 bath mobile and a 2 bedroom, 1 1/2 bath mobile. Reno city water. Each unit has its own conventional septic system and a storage shed. All units well maintained. Tenants pay their own utilities. Operating expense from 2019. Owner did some extensive rehabbing of one of the units in 2020.
Location
Hot Parker County market. Just 30 minutes from downtown Fort Worth or Weatherford. Located approximately 4 miles north of Hwy 199.
Amenities
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 6 |
Total Occupancy: | 100.0 % |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $49,900 |
Operating Expense: | $16,711 |
Net Operating Income: | $33,189 |
Expense Ratio: | 33.5 % |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |