Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Land Lease Community
Photo of Land Lease Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Land Lease Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 672544
  • Posted On: Jun 1, 2016
  • Updated On: Nov 3, 2016

Description

Really nice 220+ lot RV and MH Park
Resort Amenities Large lots
Huge Mobiles Healthy Seasonal RV Business
Close to Malls , New Bass Pro Shop, 2 Growing Hospitols and Medical Facilities, "visible from the property", many new upgrades, several new mobiles moving in. Nice Airconditioned Rec Hall , Fantastic Opportunity, This property was built around 1998 so the infrastructure is better then average, most every padestal can handle the largest Mobile Home, the lots are huge and many of the RV sites have patios and concrete. this park was owned by a couple that suffered from health problems and could not keep up with the maintenence and hence gave it back to the bank in 2013, it was purchased by the current owner and many repairs were made. Today it is in good shape and in a rebuilding stage , last season was robust, although it does need more stimulation , time and marketing to reach higher potentials. if a buyer wanted to broaden the tenant profile this park would be an excellent cadidate in a good market, Harlingen/San Benito enjoys constant high quality growth. Local Apartments ave Occupancy over 90%, Border Danger is more hype in this area. The Rio Grande Valley is Booming.
Broker 956-970-2049

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Number of MH Lots: 220
Year Built: 1998
Average MH Lot Rent: $300
Size: 14 acre(s)

Financial Information

Gross Income: $140,000
Operating Expense: $75,000
Expense Ratio: 53.6 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City