Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.5%
- Listing ID: 18345
- Posted On: Nov 29, 2010
- Updated On: Nov 30, 2010
Description
This 24 space is made up of 23 RV spaces & a 2216 sf single family manufactured home. 92% pf s[aces are leased to truck drivers, retirees, and self-employed business owners living there on a permanent basis. Park is currently ohn a new two tank evaporative aerated septic system that requires cleanout every 5 years. City of Cleburne has completed survey & is currently in process of obtaining right of way easements to install city sewer line. Number of RV spaces can be increased after sewer line installed. Located on 2.30 acres.
Location
Located on Hwy 67, East of downtown Cleburne approximately 2 miles.
Amenities
- Club House
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Park Information
Community Type: | All Age |
Total Occupancy: | 92.0 % |
Year Built: | 1997 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $98 |
Operating Expense: | $35 |
Net Operating Income: | $54 |
Expense Ratio: | 35.7 % |
RV Information
Number of RV Lots: | 23 |
Average RV Lot Rent: | $316 |
Utility Information
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 1 |
Average Rent for Park-owned Homes: | $900 |