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Address is 207 Garmon Drive Early, TX 76802

Bill Ranck

Fredericksburg Realty

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Garmon Drive Mobile Home Park

Mobile Home Park for Sale in Early, Texas

207 Garmon Drive
Early, TX 76802

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Sale Price: $229,000
Photo of Mobile Home Park
Photo of Mobile Home Park
 

Contact Information

Bill Ranck
Fredericksburg Realty

Mobile Home Park for Sale

Development Land This is land for developing a mobile home park
Number of MH Lots: 15
Size: 5 acre(s)
Purchase Method: Cash, New Loan
Status: Active
Property ID: 365897
Posted on: Mar 12, 2013
Updated on: Jul 17, 2014
Price: $229,000

Property Description

LAST CHANCE TO PICK UP THIS MONEYMAKER BEFORE OWNER SAYS…AUCTION IT OFF!! OWNER HAS MOVED ON AND HOMES ARE NOT BEING REPAIRED TO KEEP IT FULL. STILL BRINGING $3000 /MO. REPAIRS NEEDED ARE MINOR. $500-$1000 PER EMPTY TRAILER AND THE PARK WILL BE FULL. PERFECT PARK-LIKE SETTING TO MAKE AN ATTRACTIVE RV PARK. LOWERING THE PRICE BY $30,000 ONE LAST TIME!!__________MAKE AN OFFER!!_________________
15 park owned homes on 5+ acres. Room for 17 more. All city utilities. Rent roll is $5725 and renters pay all bills. On site manager. Located in highly rated school district near shopping. Not the prettiest place but it is profitable and affordable. Survey shows park with additional plats for expansion.
Last 3 pictures are from ranch in Zephyr.
___Additional 26 acre ranch with two rentals, managed by onsite manager, available for additional $99,000. Ranch is located 10 miles away in Zephyr Texas.

Park Information

Number of MH Lots:15
Total Occupancy:80.0%
Year Built:0
Average MH Lot Rent: $381
Size:5.0 acre(s)

Financial Information (Pro Forma)

Gross Income$68
Operating Expense$25
Net Operating Income$43
Expense Ratio 36.8%
Debt Info

Lot Information

Singlewide Lots:15

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:15
Average Rent for Park-owned Homes: $381