Contact Information

Mobile Home Park Details

  • Price: $2,380,000
  • Cap Rate: 6.5%
  • Listing ID: 6606675
  • Posted On: Jul 12, 2024
  • Updated On: Sep 9, 2024

Description

- Discover a lucrative investment opportunity with this all-ages, family- friendly MHP mix at 1002 & 1004 N. Stewart Rd in Mission, TX. Boasting 81 rentable lots and spaces, including a blend of mobile homes, RVs, and park models, this property offers a diverse range of income streams to maximize your ROI.
- With a majority of homes on TOH and short-term RTO agreements, the park is not responsible for maintenance, making it an ideal investment for savvy buyers looking to capitalize on a stable and high- demand market.
- Don't miss out on this cash-flowing gem in the sought-after Sharyland ISD, with expansion potential for approximately 14 additional pads. Plus, enjoy the convenience of city water and sewer, bill-back electricity, and a prime location near major retailers like Walmart and Dollar General.

Location

- Located in Hidalgo County

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 81
Total Occupancy: 76.0 %

Financial Information

Gross Income: $481,876
Operating Expense: $185,503
Net Operating Income: $154,463
Expense Ratio: 38.5 %

Utility Information

Water: City
Sewer: City

Download Documents

Other Listings by IRE Investment

Similar Mobile Home Parks for Sale