Marcus & Millichap is pleased to present Bandera Pass & Snowflake Mobile Home Parks, located in Leon Valley, Texas, which is situated in the San Antonio, TX MSA. The two communities consists of 56 sites with private water and public sewer that is sub-metered. The current owner rents out 47 of the homes at $275-$480 over and above the $500 lot rent. Based off of the current rent roll the Communities are producing $51,855 a month in gross rent, of which $24,355 is being allocated to the park owned home payments.

Bandera Pass & Snowflake must be sold as a package and the real estate is being offered for $2,650,000 which equates to 9.49 percent cap rate. The current owner values his homes at $35,000 a piece, but he is offering an 18% discount on his home inventory with an asking price of $1,350,000. The total package would be $4,000,000.