Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 880919
- Posted On: Nov 22, 2017
- Updated On: Feb 27, 2018
Description
This 52 space mobile home community on 9.3 acres of land is located in Dilley, TX. The community is has city water and sewer and has 23 park owned homes.
Dilley is the heart of the South Texas Eagle Ford Shale boom. In addition the Immigration Customs Enforcement detention center for South Texas is located in Dilley. Dilley is about 60 miles south of San Antonio and about 85 miles from the Texas/Mexico border.
Currently the park owned homes are 100% occupied with a waiting list. RV & lot rentals are also doing well, with the opportunity to increase revenue.
This is a true 11+% Cap based on the past 3 years ACTUAL P&L.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Number of MH Lots: | 53 |
Total Occupancy: | 75.0 % |
Size: | 9 acre(s) |
Financial Information
Gross Income: | $120,500 |
Lot Information
Singlewide Lots: | 52 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |