Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 488362
- Posted On: Dec 7, 2014
- Updated On: Jun 12, 2015
Description
Tyler place MHP and adjacent RV Park (together, the Park) is located in Beeville,Texas, in the dynamic Eagle Ford Shale oil and gas drilling area. The Park has an approx. 80% occupancy rate.
PROMINENT PARK FEATURES:
MHP. RV
SPACES. Mobile home park spaces 91. RV park spaces 38
APPROX ACRES. 16. 2
APPROX. YEAR BUILT. 1975
OTHER STRUCTURES. Office building Club House / Laundry room
UTILITIES. City water, and sewer. Residents pay city directly.
COMBINED TOTAL. 129 spaces/ 18 acres
Beeville is located approx. 60 miles southwest of Victoria Tx., and approx. 60 miles north of Corpus Christi Tx.
TO RECEIVE AN INVESTMENT PACKAGE CONTACT: Randy Russell @ randyrussell604@gmail.com, or 832-298-9278
DO NOT CONTACT PARK MANAGER OR RESIDENTS. CALL FOR APPOINTMENT. THANK YOU RANDY RUSSELL.
Amenities
- Laundromat
- Club House
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 129 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $175 |
| Size: | 18 acre(s) |
Financial Information
| Gross Income: | $325 |
| Operating Expense: | $157 |
| Net Operating Income: | $168 |
| Expense Ratio: | 48.3 % |
Lot Information
| Singlewide Lots: | 91 |
RV Information
| Number of RV Lots: | 38 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
