Ariel
Unit 6
Unit 11
Units 20, 21, 22
Units 28
Unit 8
Unit 15
Unit 13
Unit 27
Unit 9
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.4%
- Listing ID: 543509
- Posted On: Jun 19, 2015
- Updated On: Aug 4, 2015
Description
TURN KEY INVESTMENT. There are 17 park-owned homes all furnished and occupied. One home is occupied by the park manager, a resident of the park for almost 15 years. She handles all the day-to-day duties of running the park.
Park Features:
High turn over rate for vacancies
Well maintained premises with many huge shade trees
9 RV sites (also 100% occupied)
On site office
Coin laundry and soda machine for extra income
Several storage buildings throughout the property
Homes with central AC
Location
Located 10 miles north of Edinburg and just south of the airport, right off of the new Interstate 281, and within the city limits.
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $115,000 |
| Operating Expense: | $53,000 |
| Net Operating Income: | $62,000 |
| Expense Ratio: | 46.1 % |
Lot Information
| Singlewide Lots: | 17 |
RV Information
| Number of RV Lots: | 9 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $500 |