21 Lots on 4 acres

11 Park Owned Homes - all rented
5 lot rent only owner occupied
5 Vacant lots

Tenants pay their own utilities in their own names and are responsible for mowing their lots. City utilities and streets; each home has their own street address and separate meters. Only Park utility bill is a lift station ($20/month for electric, new pump with alarm installed August 2015).

Room to grow with a 1 acre field adjacent to the Police Department; can be used for paid storage or more spaces. 28 max spaces for mobile homes (7/acre in Wharton). Park is conforming and no issues for a new owner to obtain annual license which is only $100/year. Low insurance - $500/yr and easy to manage from afar. Local Lady collects rents and makes monthly deposit; tenant mows vacant lots and field for $10/hr - about $100/month. Owners do no home maintenance and tenants are responsible for any appliances heating/cooling.

Easy commute to SW Houston, Texas, high demand rental area, walk to shopping, restaurants. Homes are in the 70s and 80s with many long-term tenants. All tenants month to month but will happily sign leases with a new owner; many have asked about purchasing homes. Rents below market.

Nice turnkey income with very little overhead and expenses.

The Pro Forma is based on continuing to rent or owner financing out existing homes, adding 5 new homes and o/for renting them out as well.
More Photos:
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