Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 3652336
  • Posted On: Sep 6, 2023
  • Updated On: Feb 1, 2024

Description

Paradise RV Park is a beautiful, five-star, park with 42 covered spaces with room to add more. Approval and cleared land are completed to add 25 more spaces, having a total of 67 spaces. Paradise RV Park is just off US Highway 69 between Lufkin, TX (6.1 miles North) and Huntington, TX (4.0 miles South). Paradise is easy to get to and close to many amenities and attractions.

This park is a must see! Paradise has remarkable amenities for our tenants. Each lot space has a 40-foot covered awning. 30 spaces come with concrete pads and BBQ pits. 12 spaces are close to the pond and have a beautiful view. We offer catch and release fishing out of our stocked pond for the tenants and their families. The common area is equipped with men’s & women's showers, a laundry room with four commercial washers and dryers, living room, kitchen, and dining room. This is all available to the tenants, along with a fire pit and sitting area underneath the carport, that makes a great gathering place! A 2-bedroom, 1 bath apartment is also onsite along with RVs for rent.

On top of all these great features we have added to the park, we also paved the grounds with asphalt roads. This adds a nice look to the park! As if that isn’t enough, the park also comes with great management! Most of the tenants have long-term leasing contracts with us. The reason we are selling is because I'm ready to retire and enjoy life with my wife, children, and grandchildren. Paradise RV Park has been built from the ground up, by myself and our crew, and I have made a good living for over 31 years investing in properties like this one.

Location

Paradise RV Park is just off US Highway 69 between Lufkin, TX (6.1 miles North) and Huntington, TX (4.0 miles South). Paradise is easy to get to and close to many amenities and attractions.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 100.0 %
Year Built: 2020
Average MH Lot Rent: $475
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $27,650
Operating Expense: $6,026
Net Operating Income: $21,623
Expense Ratio: 21.8 %

RV Information

Number of RV Lots: 42
Average RV Lot Rent: $475

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $800

Video