Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 19672
  • Posted On: Feb 16, 2011
  • Updated On: Jan 4, 2018

Description

I own this park. 86 spaces RV and a few mobiles. This is a year round RV park that doesn't depend on winter snowbirds at all.
It is one of three RV parks in Town and because of it's country setting instead of in the heart of Kingsville it gets most of the RV traffic. The park is right off hwy 77 south and good bill boards going both ways. Very Very simple park to manage, we have a very good on-site manager and maint guy. The pool was rebuilt in 08, laundry room and club house in one building.
paved roads and city water.
Great property, we cater to the UNV of Texas A&M Kingsville and have about 65% students who stay 3 to 4 years at a time. Haven't been below 85% occupancy in years.

Call me with questions or email for the numbers.

Location

Kingsville TX south of Corpus Christi about 35 miles on hwy 77. Home of Texas A and M kingsville and the King Ranch.

Amenities

  • Laundromat
  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 86
Total Occupancy: 97.0 %
Year Built: 1973
Average MH Lot Rent: $300
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $218
Operating Expense: $99
Net Operating Income: $118
Expense Ratio: 45.4 %

Lot Information

Singlewide Lots: 9

RV Information

Number of RV Lots: 84
Average RV Lot Rent: $250

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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