Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.7%
- Listing ID: 400739
- Posted On: Sep 10, 2013
- Updated On: Dec 15, 2013
Description
15 space MHP, 1 Single Family Home, and 3 tenant commercial retail strip facing main highway located in Rosenberg, TX a growing suburb of Houston.
This park is consistently occupied at 100% due to commercial area and good school district of Fort Bend ISD.
There are 3 commercial tenants in the front: Cellular Phone, Sign Company, and We Buy Gold business. In addition, there is a billboard on the property.
The park uses city water and sewer and has been maintained by the owner.
This property has great cash flow, and/or expanding the commercial road frontage of this property. Gross income could easily be increased by raising rents. Also, the manager's unit can easily rent for $600/month, depending on your management. There is also the possibility of selling all homes on contract, making a nice profit from the sale and in interest earned on these contracts.
Location
Located on main highway 90 at intersection with traffic light. Next to Wendy's fast food and across Firestone Auto Repair. Ideal location just for land value alone and for future expansion into hotel, motel, or multifamily project behind retail strip.
Amenities
- Storage
Park Information
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $600 |
| Size: | 2 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
