Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 10.0%
  • Listing ID: 105977
  • Posted On: Sep 25, 2011
  • Updated On: May 13, 2014

Description

Bank Financing Available with 30% down. MLS:9573672 3 Homes on 10 acres. This property would make a great homestead or investment property. Combined rents of $2495 per month with 3 units. City approvals in place for 3 additional units and space available for 10. Please don't disturb tenants. Home viewings with accepted offer.

Location

Hwy 183 to Lockhart. West on Hwy 20-State Park Road, North (right) on CR217-Fentress Road. Right on Ward Lane. New SH130 toll road just completed for easy access to Austin or San Antonio.

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

Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 50.0 %
Year Built: 1998
Average MH Lot Rent: $0
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income: $29,400
Operating Expense: $6,841
Net Operating Income: $22,559
Expense Ratio: 23.3 %

Lot Information

Park Model Lots: 6

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $832

Video