We have two very nice manufactured home communities for sale by owner in Mineral Wells, Texas.

The Roberts Road Community at 117 Roberts Rd consists of 12 beautiful, modern park owned homes with room for expansion of at least 48 more lots. Total revenue would be $40,950 per month gross ($491,400 per year) with a NET cash flow of $31,500 per month from this park once expanded. Current gross with 12 homes is $7800 per month ($93,600 per year). Tenants pay all their own utilities and trash. Community is in a great location with a beautiful country atmosphere. Park was built with all new infrastructure in 2013.

The second community is at 385 Hamilton Rd and consists of 6 beautifully remodeled park owned homes with room for 4 more to be added. All city utilities and tenants pay all their own utilities and trash. Current gross income averages about $4000 per month. Community was built with new infrastructure in 2004.

Total current gross with 18 park owned homes is $140,400 per year. Current NET is $108,000 per year.....as mentioned with ability to expand to 55 more lots/homes.

Both communities tenants pay all their own utilities directly to the city so the only expenses paid by the owner are taxes, insurance, and very little maintenance due to the fact that all homes and infrastructure are modern and in excellent condition. Both parks consist of large spaces for modern homes, newer infrastructure, and all underground 200 amp electric service to each lot. No gas on either property.

Local experienced management available by the original builder of both parks as well as very qualified, very affordable maintenance personnel capable of any maintenance issues including flooring, electrical, plumbing, HVAC, etc.

Mineral Wells, TX is a suburb of Dallas/Fort Worth and has a very high rental occupancy rate of nearly 100%. Mineral Wells suffers from a severe shortage of modern, clean, three bedroom rentals in the area.

Price: $695,000 for both parks.
Feel free to contact with any questions: Ted 940-654-0940