Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 458020
  • Posted On: Jul 8, 2014
  • Updated On: Dec 4, 2014

Description

Hazlehurst,Jeff Davis County(SOLD) BEST DEAL I've SEEN IN YEARS!!!!!!!!!!!!!!!...this 30 acre tract has 71 lots now and room to add avout 25-30 more lots. The park has a new sewer system that the city just put in last year and it has a new sewer lift/pump station. The city spent roughly 500k on the sewer. Lot rental is very low at $80/month. the park owns no units. The 58 lots rented now bring in $4640/month now. the expense are only taxes/$4068,Liabilty Insurance/$920/yr. Mgr. $8400/yr and contracter for roads $3000/yr..for a net of $39,274 The rents haven't been raised since 2009. The park is almost all Hispanic and most are "legal". Also a nice Kabuto tractor with front end loader and bushhog mower that stays with the park. Everything is seperately metered at this time also. seller is asking $359,000 all cash now This park has more upside than anything I've ever seen. call me, BArry

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 71
Total Occupancy: 95.0 %
Year Built: 1980
Average MH Lot Rent: $80
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $55,680
Operating Expense: $16,406
Net Operating Income: $39,274
Expense Ratio: 29.5 %

Lot Information

Singlewide Lots: 71

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