Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.6%
  • Listing ID: 3567794
  • Posted On: Aug 23, 2023
  • Updated On: Sep 25, 2023

Description

20 Unit Mobile Home Park Investment located at 977 CR 3302, Jacksonville, TX, 75766.

Lease Revenue: Gross lease amount of $9,000 per month ($7,100 NOI per month)

Accessibility: Strategically located for easy access.

Demand: Prime location ensures consistent tenant interest.

Market Trend: Mobile homes are in rising demand due to affordability.

This property offers a consistent revenue stream in a growing market. Contact us for more details and potential returns.

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

Park Information

Number of MH Lots: 20
Total Occupancy: 100.0 %
Average MH Lot Rent: $450
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $108,000
Operating Expense: $24,609
Net Operating Income: $83,391
Expense Ratio: 22.8 %
Debt Info: Owner Financing Available: $350K Down, 5.5% interest, 25 Year Amm, Term 10 Years

Lot Information

Singlewide Lots: 5

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

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

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