Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 29.0%
- Listing ID: 356323
- Posted On: Jul 25, 2013
- Updated On: Dec 23, 2013
Description
A unique opportunity to purchase a newly developed (1.5-year old) trailer and RV park in the Eagle Ford Shale that produces great annual NOI. There are 20 spaces with parked-owned trailers for lease and 5 RV spaces for lease. Only half of the property is being used, so there is plenty of room for expansion. There are some immediate opportunities to increase monthly income as well. Property includes 20 1/1 Cavalier trailers by Gulfstream; laundromat onsite; wifi; DISH Satellite TV; gazebo with BBQ pits and gathering area; new 3/2 double-wide modular home; 40ft container storage building; 2" city water line; 1" city water line; and septic system to support double occupancy.
CASH SALE ONLY. Owner will not owner-finance or accept bank financing contingency.
Location
The DeerFly Trailer & RV Park is located on State Highway 83 North (HWY 83) on the north side of Crystal City, just outside the city limits in Zavala County. The site is about 15 minutes from Carrizo Springs and Dimmit County. Heavy Eagle Ford Shale drilling is occurring throughout Zavala and Dimmit county near the property.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 90.0 % |
| Year Built: | 2012 |
| Average MH Lot Rent: | $1,000 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $237,510 |
| Operating Expense: | $60,000 |
| Net Operating Income: | $177,510 |
| Expense Ratio: | 25.3 % |
Lot Information
| Singlewide Lots: | 1 |
| Park Model Lots: | 30 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $1,000 |
