Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 1506982
  • Posted On: Sep 2, 2021
  • Updated On: Jan 19, 2022

Description

High income producing property located in a centralized location in Mission, TX. Property has a mix of apartments, RV's and mobile homes. Property also has a car lot currently leased out. The Mobile Home/RV Park has 65 spaces for trailers very neatly set in place with their own carport and thirteen (13) apartments. There is so many great opportunities for this commercial zoned property! Convenient to schools, retail shopping, medical and expressway. Park has additional space to have an office located on site and has a large workshop/garage for park equipment and storage.

Location

Intersection of Business 83 and Stewart Rd in Mission, TX

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Park Information

Community Type: All Age
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $420,000
Operating Expense: $176,000
Net Operating Income: $243,694
Expense Ratio: 41.9 %

RV Information

Number of RV Lots: 65
Average RV Lot Rent: $450

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 61
Average Rent for Park-owned Homes: $450

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