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Photo of Mobile Home Park
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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Land Lease Community
Photo of Mobile Home Park
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Photo of Mobile Home Park
Photo of Mobile Home Park
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Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 694042
  • Posted On: Aug 4, 2016
  • Updated On: May 23, 2018

Description

This park is located in Brazoria county one of the fastest growing counties in Texs,Sweeny has great schools and is a sought after small town, with Phillips Plant only six miles that is doing a five year expansion, and a new pipe manufacturing plan within 10 miles that will be under construction for about three more years and employ 3,000 workers full time. This area is one of the fastest growing areas in Texas. My park is well established with an 12 year rental history at about 100% rental rate. The pard consist of 27 rentals and one manager site
1- 2 bedroom house rental rate $795. , 11 - 16x80 3 bedroom 2 bath late model mobile homes rental rate $895.00 and 14 travel trailers rental rate $550. all rentals are in great shape and have proper maintenance.
Gross momnthly income exceeds $ 17,000.00 per month.
Estimated Expenses monthly; 1. Electric ave 1300.00 2. Garbage $250. 3. Liability ins $ 200.00 4, Property Tax $900.00 5. water well management $ 550.00
6. Advertising $ 50 7. Hous insurance $ 125.00 8. Lawn Maintenance $ 800.
9. Misselanious repairs $ 1000 10. One site manager 1600 Total estimated expenses under $ 7,000. As you can see this is an excellent buy ar $950.000.00
There is a on site manager with 3 years experiance if needed.

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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 100.0 %
Year Built: 2002
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $180
Operating Expense: $100
Net Operating Income: $80
Expense Ratio: 55.6 %
Debt Info: none

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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