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Mobile Home Park Details

  • Price: $9,938,000
  • Listing ID: 6826385
  • Posted On: Feb 17, 2025
  • Updated On: Feb 17, 2025

Description

Lytle MHC is ideally situated in the heart of Lytle, TX, boasting Interstate 35 frontage and adjacency to a regional shopping center featuring Super H-E-B. Just 24 miles southwest of Downtown San Antonio, its prime location offers convenient access to various amenities.

Ownership benefits from utility direct billing for all residents, no sub metering. This results in reduced maintenance, management expenses, and associated headaches. The community comprises 106 sites, with a commendable 97% physical occupancy rate, attesting to its desirability.

The surrounding area is experiencing significant growth and development, including the expansion of single-family homes and commercial establishments. Additionally, the community is strategically positioned within walking distance of fast-food options, shopping centers, employment opportunities, and other conveniences. A unique opportunity to expand the property with additional acres is available.

Location

-Strategic Location: Interstate 35 frontage in the heart of Lytle, TX, with proximity to a regional shopping center.
-Convenient Utility Billing: Streamlined process with direct billing for all utilities, reducing maintenance and management expenses.
-Streamlined Property Maintenance: City provides quarterly bulk pick up.
-High Occupancy Rate: Boasting 106 sites with an impressive 97% occupancy rate.
-Growth Environment: Surrounded by development, including the expansion of single-family homes and commercial establishments.

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Park Information

Number of MH Lots: 106
Total Occupancy: 97.0 %
Year Built: 1977

Financial Information

Net Operating Income: $534,759

Utility Information

Water: City
Sewer: City

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