Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 455799
- Posted On: Jun 17, 2014
- Updated On: Dec 22, 2014
Description
1.9 acres in the booming Eagle Ford Shale. Park has approximately 420 ft of HWY 97 frontage in Charlotte, TX. There are 13 RV slots with water, sewer and electric set up at each site. The property also has an efficiency apartment, 1800 sq ft house and laundry facilities. This is a great way to get in on the Eagle Ford Shale play.
Call Sara at Dowdy Real Estate (830)569-6883.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 90.0 % |
| Year Built: | 2012 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $81,810 |
| Operating Expense: | $30,204 |
| Net Operating Income: | $51,606 |
| Expense Ratio: | 36.9 % |
RV Information
| Number of RV Lots: | 13 |
| Average RV Lot Rent: | $425 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $1,400 |