Excellent cash flow park in historic Mineral Wells, TX. This park consists of 22 total spaces, 17 park owned manufactured homes, a nice house with jacuzzi room, a one bedroom apartment, one leased space, and a large central heated and cooled metal shop with concrete floor and overhead exhaust fan for painting, etc. and roll up bay door.
All city utilities, water and sewer. Water and trash are paid by park. All other utilities paid by the tenants. The park grosses $120,000 annually of which $100,000 is NET after fixed expenses (water, trash, taxes, and insurance) are paid. Local experienced management available. The owner of several years is only selling reluctantly due to other business interests out of state.
This is a buy and retire park due to the large cash flow it provides consistently.
Mineral Wells, TX is a suburb of Dallas Fort Worth and largely a "rental" community. Mineral Wells has a much higher than average tenant to homeowner ratio but suffers from a severe shortage of nice rental properties. The park is in a great, scenic location on the outskirts of town.
Call Ted at 940-654-0940 or email: tedminor@yahoo.com