Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 9.5%
- Listing ID: 516093
- Posted On: Oct 16, 2015
- Updated On: Apr 21, 2016
Description
1/4 mile from Laughlin Air Base, Approx. 800 feet from East End Interchange Hwy 79 Loop which is new bypass around Del Rio. Property level with 207 ft Hwy frontage, room to expand. City water/sewer, irrigation well. On this property is 1 house, 1 duplex, 3 RV spaces, a large shop & 20 Park owned mobile homes. Sizes range from 2 bed 1 bath to 3 bed 2 bath. All are in clean, well maintained, excellent condition. For investors, we have an excellent manager/ maintenance person on site or it is a terrific property for owner/operator. Our tenants are derived from the Air Base, the Prison employees, Boarder Patrol, City/County employees and others.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 91.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $550 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $145 |
| Operating Expense: | $65 |
| Net Operating Income: | $66 |
| Expense Ratio: | 44.8 % |
| Debt Info: | Assumable-Private 6.5% |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $550 |
