Contact Information

Mobile Home Park Details

  • Price: $600,000
  • Purchase Method: Cash, New Loan
  • Listing ID: 6753637
  • Posted On: Oct 23, 2024
  • Updated On: Oct 23, 2024

Description

JTACR Real Estate Group is pleased to present Wagon Wheel Estates Mobile Home Park: a family owned and operated community for over 40 years. Located in El Campo, TX, the community serves a long term customer base, is serviced by city utilities, and is 100% park owned units currently.

Current ownership lives on site, occupying 2 of the 14 pad sites. Four of the existing pads do not currently have electricity and would need to be tied in before being ready to lease the lot. One of the homes is a well maintained single family home.

Some value add options for future ownership include: immediately lease the two owner occupied units, tie in electric for 4 of the pads to then lease, and sell the Park Owned homes to the resident.

This opportunity is an ideal purchase for a first time park buyer, someone with regional management, or someone looking to simply add a property to an existing portfolio with value add potential.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 43.0 %
Year Built: 1980
Average MH Lot Rent: $250
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $52,550

Lot Information

Singlewide Lots: 14

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $400

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