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Westover 1712 Hofheinz Street, San Marcos, TX 78666

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.0% (Pro Forma)
  • Listing ID: 1919503
  • Posted On: Oct 25, 2022
  • Updated On: Nov 4, 2022

Description

Great Investment-Mobile home park with 9 mobile homes 1 house and 1 RV. This property is tucked away just off hunter Rd and sits on 4.251 total acres. There are two Tracts- R11745 and R53970. It also has two wells and all units are city sewer, electric. Unit mix/ 2/2-(2); 3/2-(7); 4/2-(1); 1/1-(1) Total Rent-$11,575 a month. All units are leased.

Location

South on Hunter Rd right on Dixon left on Hofheinz. First set of Mobile homes.

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Park Information

Number of MH Lots: 11
Total Occupancy: 100.0 %
Year Built: 2002
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $138,900
Operating Expense: $60,671
Net Operating Income: $75,451
Expense Ratio: 43.7 %

Lot Information

Singlewide Lots: 10

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $625

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $1,100

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