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LINSCHEID & ASSOCIATES
Wayne Linscheid, Broker

LICENSED IN COLORADO, MISSOURI, NEBRASKA, OKLAHOMA, TEXAS, & WASHINGTON


MOBILE HOME PARKS
INCOME PROPERTY
SALES & INVESTMENTS

PO Box 1217
LITTLETON, CO 80160-1217
PHONE (303) 794-5230
 FAX       (303) 734-0340   
WSLINSCHEID@MSN.COM


PINE HAVEN MOBILE HOME PARK & MINI STORAGE
Tyler, Texas 
 

Pine Haven is a 54 Space mobile home park plus 94 Mini-Storage units on about 17 acres in the east Texas city of Tyler.   Included in the sale are 35 mobile home rental units which have been well maintained.   Pine Haven is situated on an attractive property with many mature pine trees in a wooded area on Hwy 64.  Electricity is metered to each space and paid by the tenant.  Water is furnished by the public utility company and included in the rent.   The park operates is own sewer plant which is licensed by the State of Texas.  The license was renewed in 2005 for 10 years.      

The City of Tyler is considered the advanced manufacturing, health care, educational, and retail center of East Texas.  The estimated 2004 Population for the Tyler MSA is 186,414.   Tyler is located just 90 miles east of Dallas and 199 miles north of Houston.   Some of the major employers are “Trinity Mother Frances” (Medical Care) with 3,544 employees, “East Texas Medical Center” (Medical Care) with 3,102 employees, “Tyler Independent School District” (Education) with 2,750 employees, “Brookshire Grocery Company” (Grocery Distribution Headquarters) with 2,231 employees, and the “Trane Co. (Air Conditioning Units) with 1,716 employees.   Other companies with over 1,000 employees are The University of Texas Health Center at Tyler, Carrier Corp., Good Year Tire & Rubber Co.,  CB&I Howe-Baker,  along with many others employing from 200 to 1,000, giving Tyler a very solid, diversified economic base. 

Pine Haven is offered for sale at a very good CAP RATE (approx. 11.7%), plus excellent upside potential.

 

PRICE:

$895,000.00

 
DOWN PAYMENT:

300,000.00

 
TERMS: 

$595,000.00

will be financed by Seller at an interest rate of 7.5%, amortized over  20 years with a balloon payment in 10 years.  The payment would be $4,793.00 per month or $57,520.00 per year.

 FOR FURTHER INFORMATION OR TO VISIT THE PROPERTY, PLEASE CONTACT WAYNE LINSCHEID, SELLERS AGENT

BROKER CO-OPERATION  IS NOT AVAILABLE ON THIS PROPERTY


Click Here To View Income/Expense Statement
 

 

LINSCHEID & ASSOCIATES
Wayne Linscheid, Broker

LICENSED IN COLORADO, MISSOURI, NEBRASKA, OKLAHOMA, TEXAS, & WASHINGTON


MOBILE HOME PARKS
INCOME PROPERTY
SALES & INVESTMENTS

PO Box 1217
LITTLETON, CO 80160-1217
PHONE (303) 794-5230
 FAX       (303) 734-0340   

 

Last Revised: May 8, 2008
 

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