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31 Unit Mobile Home Park
For Sale
In Orange, TX
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Cedar Hills Mobile Home Park #1 and #2 consists
of 95 spaces on approx. 12 acres of land. Cedar Hills MHP #1 has 71
spaces, and Cedar Hills MHP#2 has 24 spaces. The Parks are approx.5
blocks from each other. The lot rents are between $145.00 mo. and
150.00 mo. January 1 2009 the lot rents will be $160.00 mo. The park
has 25 park owned homes that can be purchased for $3500.00 each. The
homes are leased with a waiting list. The homes are in good
condition. The income on the homes is over $8500.00 month. The Cap
Rate of 11% is based on the mobile home park lots only. The water
and sewer are provided by the city of Pinehurst, sub metered. The
roads are asphalt. The park has on site management, central mailbox
area. The occupancy is 99%.
CALL OR EMAIL BROKER FOR FINANCIAL INFORMATION
$1,200,000
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Contact:
Randy Russell
United Texas Realtors
Phone: 832-298-9278
For More Information On This
Property,
Please Call The Phone # Above or
Submit The Form Below To Send An Email.
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Last
Revised: November 10, 2008
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