Mobile Home Park for Sale Texas
Mobile Home Park for Sale Texas
Mobile Home Park for Sale Texas

Mobile Home Park Details

  • Cap Rate: 10.1%
  • Listing ID: 13152
  • Posted On: Jun 2, 2010
  • Updated On: Oct 19, 2010

Description

This investment consists of 2 manufactured housing communities operated as one investment. The parks are within 1/2 mile of each other. There are 57 homes that go with the park and income and occupancy have been on the rise over the last 6 months. May and June of 2005 collections have remained over $21,000 per month. The parks have city utilities, paved roads, storage buildings, lots of mature trees and are well located in the community.

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Park Information

Number of MH Lots: 119
Total Occupancy: 70.0 %

Financial Information (Actual)

Gross Income: $247,000
Operating Expense: $123,393
Net Operating Income: $123,607
Expense Ratio: 50.0 %

Utility Information

Water: City
Sewer: City