Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 471016
- Posted On: Sep 17, 2014
- Updated On: Jun 22, 2015
Description
13.92 ACRES APPROVED FOR 40 SPACE, CAN GET 60 SPACE APPROVAL
HAS CURRENT CASH FLOW , STUB OUT FOR MORE SPACES ALREADY PAID FOR. CITY WIDE VACANCY SUB 5%, 5 MINUTES TO DOWNTOWN. WATER IS SUB-METERED TO TENANTS. MAP PIN IS INCORRECT IT IS ABOUT A MILE FROM HWY 259
WILLING TO SELL HALF OF THE PARK AND 3 PARK OWNED MOBILES FOR $60,000 AND CAN FINANCE SOME OF IT. WE HAVE 100 UNIT APARTMENT COMPLEX IN SAME CITY UNDER CONTRACT FOR $3,055,000. WILLING TO PUT IN $100,000-250,000 TOWARDS DEVELOPMENT WITH A PARTNER. I AM LICENSED BY THE STATE OF TEXAS FOR SEPTIC INSTALLATION.
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Park Information
| Community Type: | All Age |
| Year Built: | 2007 |
| Average MH Lot Rent: | $200 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $18,414 |
| Operating Expense: | $6,847 |
| Net Operating Income: | $11,566 |
| Expense Ratio: | 37.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $583 |