Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 251208
- Posted On: Aug 18, 2012
- Updated On: Aug 7, 2013
Description
Located on 20.1635 +/- ac with 408.1' of road frontage. 79 space park (53 park owned rentals, 23 lot rentals, 3 open spaces, plus 13 RV spaces). Includes 3/2 wood frame home with office, 1 steel building with coin laundry (on well water) and storage, 1 storage mobile, 2001 Dodge 1500 Quad Truck, 2005 Husqvarna riding mower, 1989 Ford 531 Tractor, 16' Tag along trailer, and other miscellaneous equipment. Mobile homes are on submetered city water and electricity separately metered. Property has on-site management/maintenance. There is approximately 10 acres of the 20.1635 acres that can be developed for additional units.
Location
Population increase of 8% over last ten years
Unemployment rate is 1.5% below national average – very positive
Future job growth of 31.26% - very positive
There are 5 major hospitals in or near Texarkana
10 Universities including Texas A&M University
Located in top school districts
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 79 |
| Average MH Lot Rent: | $203 |
| Size: | 20 acre(s) |
Financial Information
| Gross Income: | $286,964 |
| Operating Expense: | $113,382 |
| Expense Ratio: | 39.5 % |
RV Information
| Number of RV Lots: | 13 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 53 |
| Average Rent for Park-owned Homes: | $453 |
