Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.0%
- Listing ID: 1576116
- Posted On: Dec 20, 2021
- Updated On: May 26, 2022
Description
Rare opportunity! Established income producing contract with the U.S. Customs and Border Protection. Readily available for hook-up are 22 additional mobile trailer lots. Residential and workshop building on premises. The mobile home park sits on approximately 4 of the 13 acres. The additional 8.99 acres adjacent to the park present future investors the opportunity to acquire a stabilized community with an opportunity for growth and increased rental income. Great location for HIP Camping! Horse Racing coming Soon to Presidio.
Location
1200 N FM 170 Presidio TX
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Park Information
Community Type: | All Age |
Number of MH Lots: | 34 |
Total Occupancy: | 35.0 % |
Average MH Lot Rent: | $283 |
Size: | 13 acre(s) |
Financial Information (Actual)
Gross Income: | $40,752 |
Operating Expense: | $9,122 |
Net Operating Income: | $31,630 |
Expense Ratio: | 22.4 % |
Lot Information
Singlewide Lots: | 34 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 34 |
RV Information
Number of RV Lots: | 34 |
Average RV Lot Rent: | $283 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 12 |
Average Rent for Park-owned Homes: | $283 |