Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 68489
- Posted On: Mar 25, 2011
- Updated On: Mar 26, 2012
Description
Oakwood Glade is 33 MH units and 3 small MH/RV spaces.
Also includes SFR that rents for $650.
Currently 19 spaces rented at average $295
Currently 5 park owned homes rented for average additional $255
Tenants pay utilities.
Will sell on contract with 25% down.
Location
Good location south of San Antonio with HWY 16 frontage, good exposure and easy access to dollar store and mini mart. Nearby Toyota plan drives jobs and demand to area, plus many others.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 55.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $295 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $90,000 |
| Operating Expense: | $35,000 |
| Net Operating Income: | $55,000 |
| Expense Ratio: | 38.9 % |
Lot Information
| Singlewide Lots: | 33 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $295 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $255 |
