Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3%
- Listing ID: 718657
- Posted On: Nov 3, 2016
- Updated On: Aug 8, 2017
Description
Great MH and RV Park for all year round or seasonal, Mostly Mobiles, very stable and popular. A Resort Retirement park , simple to operate and nice to look at. Based in the Rio Grande Valley at the Tip of Texas, in a safe and Popular area.
Morgan J Davis 956.970.2049
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Handicap Accessible
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 87 |
| Average MH Lot Rent: | $250 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $167,000 |
| Operating Expense: | $82,000 |
| Net Operating Income: | $85,000 |
| Expense Ratio: | 49.1 % |
Lot Information
| Singlewide Lots: | 70 |
RV Information
| Number of RV Lots: | 15 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |