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
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 |