Photo of Mobile Home Park
Photo of Mobile Home Park
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Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 877787
- Posted On: Nov 11, 2017
- Updated On: Apr 5, 2018
Description
Located in the San Antonio Metro city of Floresville, a small mobile home community of 9 Park Owned Homes and 1 Tenant Owned Home opportunity exists. Operated with city water and septic tanks, the ability to bill back water and trash exists to minimize expenses. Lot rent is $350/mo and POH $850/mo.
Even though it's in the country this park has easy to fill vacancies, and the potential for owner financing.
Not all rents not at market due to long-time tenants. Will provide additional documents upon request.
Location
Between Floresville and Stockdale off of CR 401.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $850 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $86,700 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $56 |
| Expense Ratio: | 34.6 % |
Lot Information
| Doublewide Lots: | 10 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $850 |
