LINSCHEID & ASSOCIATES
Wayne Linscheid, Broker
LICENSED IN
COLORADO, MISSOURI, NEBRASKA, OKLAHOMA, TEXAS, & WASHINGTON
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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
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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 |
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| DOWN PAYMENT: |
300,000.00 |
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| 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
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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
|
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