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Photo of Multi Family Housing
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Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Multi Family Housing
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Photo of Multi Family Housing
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Mobile Home Park Details

  • Purchase Method: Cash
  • Land: This is land for developing a mobile home park
  • Listing ID: 634530
  • Posted On: Feb 14, 2016
  • Updated On: Jul 22, 2016

Description

This is a 30 unit Mobile Home Park in Cotulla, Texas. The homes were constructed in June 2012. They are all fully furnished with two private bedrooms, 2 full bathrooms, and a kitchen / living room area. They have 4 beds, 3 flat screen televisions, and a fully furnished kitchens; including toaster, microwave, coffe machine, full size refridgerator, and sink.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 40.0 %
Year Built: 2012
Average MH Lot Rent: $1,400
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $296,000
Operating Expense: $145,000
Net Operating Income: $151,000
Expense Ratio: 49.0 %
Debt Info: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 30
Average Rent for Park-owned Homes: $1,400