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Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.1%
- Listing ID: 360279
- Posted On: Jan 27, 2013
- Updated On: Aug 21, 2014
Description
Nice small mobile home park is SE Dallas, with a great location just 15+ min. from down town Dallas. Close to major highways and shopping. Ten spaces with 7 park owned units (2 double wide, 5 single). Great entry level property. On site manager historically.
Urban location near major highways, public transportation and shopping. Mixed use area of residential, commercial, light industrial.
Please do not disturb the residents
Location
Great location just 15 + minutes from down town Dallas
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 85.0 % |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $49,800 |
| Operating Expense: | $17,556 |
| Net Operating Income: | $32,244 |
| Expense Ratio: | 35.3 % |
Lot Information
| Singlewide Lots: | 5 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $565 |