Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 16.8%
  • Listing ID: 547515
  • Posted On: Jul 15, 2015
  • Updated On: Feb 5, 2016

Description

Last Opportunity to own a Mobile Home Park in one of the Fastest growing County in the Nation. This Mobile Home Park is a 31 acre in Montgomery County with 29 owned mobile homes, 1 leased lot, a commercial water well, a 2,200 s.f. brick home with office. All lots are on Roy Harris Loop which is a paved county road, so there is no road to keep.

A new Commercial water well system is a 5” well with 59 current taps. 30 of the taps are currently used. Driveways and septic’s are installed at those locations. 29 more locations can be added to this park.

All units except one are owned and rented. The park remains full except for a short cleaning time between tenants. The park is historically 100% occupied with a waiting list.

For more information please contact Lance Hammond at 936-444-7338.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 59
Total Occupancy: 100.0 %
Year Built: 1995
Average MH Lot Rent: $795
Size: 31 acre(s)

Financial Information (Actual)

Gross Income: $411,900
Operating Expense: $61,900
Net Operating Income: $350
Expense Ratio: 15.0 %

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $350

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 29
Average Rent for Park-owned Homes: $795

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