Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.2%
- Listing ID: 440376
- Posted On: Apr 26, 2014
- Updated On: Jul 30, 2014
Description
36 lots, plus 2 bedroom 1 bath home. Over 500 feet of Highway Frontage. Convenience store to the right and private school to the left. 6.1 acres of commercial property. Separate Elecric Meters. City Water plus 23 registered self cleaning septic tanks. Current Gross Monthly Income is $ 8210. Owner will carry with $ 300,000 down. Use your cash to buy park owned homes. Near Eagle Ford Oil Boom. Potential Gold mine for the right person. Laundry facilities. 10 minutes from San Antonio. Owner selling due to terminal illness. Serious inquiries only. Fill remaining 20 lots with Park owned homes to potentially triple your monthly gross. Only $ 500,000 or best cash offer.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 35.0 % |
| Year Built: | 1984 |
| Average MH Lot Rent: | $295 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $8,210 |
| Operating Expense: | $3,101 |
| Net Operating Income: | $5,109 |
| Expense Ratio: | 37.8 % |
| Debt Info: | 225000 First Lien |
Lot Information
| Singlewide Lots: | 34 |
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 34 |
| Average RV Lot Rent: | $295 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $800 |