South Road
South Road
Room for Expansion
Room for Expansion
Rental Home
Rental Home
South Road
Room for Expansion
Rental Home

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 407496
  • Posted On: Oct 6, 2013
  • Updated On: Jan 6, 2014

Description

Opportunity to purchase Tuck's Mobile Home Park in Mineral Wells, Tx. The properrty is a well maintained, all age family community consisting of 47 sites on 8 acres, Included in the sale is an additional 6 acres available for expansion and the Owners 2bed/1bath home which could be rented out for additional income. Currently 10 park owned homes; 9 of which have been remodeled. The properrty has an on site management office and city water and sewer which is billed back to the residents, Trash service is provided by the park. Residents pay their own gas, electric, cable directly to their own choice of provider.

Location

Tuck's Mobile Home Park is located 1.5 miles South of U.S. Highway 281 in Mineral Wells which is approximately 40 miles west of Fort Worth. The property is conveniently situated 18 miles West of Weatherford and 30 miles East of Possum Kingdom.

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Park Information

Community Type: All Age
Number of MH Lots: 47
Total Occupancy: 53.0 %
Average MH Lot Rent: $200
Size: 14 acre(s)

Financial Information (Pro Forma)

Gross Income: $118,000
Operating Expense: $25,000
Net Operating Income: $93,000
Expense Ratio: 21.2 %

Lot Information

Singlewide Lots: 31

RV Information

Number of RV Lots: 16
Average RV Lot Rent: $225

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $575

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