Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 992541
  • Posted On: Sep 24, 2018
  • Updated On: Feb 6, 2020

Description

Misty Lane Mobile Home Park is a wonderful opportunity to purchase a low maintenance but excellent income producing property.

They own 15 of the 17 homes on the Property, and lease the land for 2 spaces. There is an opportunity to add an additional 3-4 homes to the land.

Home sizes include: 1- 18x76; 20 14x70; 1- 28x60; 11-16x80. All homes are 3 bed, 2 bath.

The property is on the southwest side of Texarkana, conveniently located close to three major highways. It includes 17 spaces with room to add 2-3 more.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 100.0 %
Year Built: 2003
Average MH Lot Rent: $600
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $111
Operating Expense: $27
Net Operating Income: $84
Expense Ratio: 24.3 %

Lot Information

Singlewide Lots: 17

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $600

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