Photo of Mobile Home Park
Photo of Typical Trailer
Photo of Office Building
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 10.0%
- Listing ID: 72447
- Posted On: Jun 7, 2011
- Updated On: Aug 11, 2011
Description
100% occupied with paved roads, concrete slabs, city water & sewer, electric hookups. Includes 1,500 SF Office Building leased to Professional Photographer. Great cash flow, low maintenance; never had vacancy in MHP during over seven years of ownership. Huge upside with commercial development ultimate goal. Owner financing available. Monthly Rent per Pad is $250. Water & Sewer passed thru to Residents.
Location
Centrally located in Downtown Grapevine within a block of Historic Main Street. Near the Dallas-Fort Worth Airport. Zoning is Light Industrial.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $250 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $110 |
| Operating Expense: | $33 |
| Net Operating Income: | $77 |
| Expense Ratio: | 30.0 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 27 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
