Blue Bluff Estates
Blue Bluff Estates
Blue Bluff Estates
Blue Bluff Estates
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 102292
- Posted On: Aug 8, 2011
- Updated On: Feb 20, 2012
Description
Currently 93% occupied mobile home park in Austin, TX located in the path of progress with upside through adding additional lots. Total park area is +-12.5 acres, amount of land being used currently is +- 8.5 acres. Create additional income through developing vacant land or sell the raw land. Raw land in this area is selling for $35,000 - $ 40,000 per acre. Currently the property features 41 lots and 1 RV lot. Lots are renting for $320 - $350 .
Location
Blue Bluff Mobile Home Park is located inside the new TX 130 Toll Road which is spurring new growth to the area. The park has quick access to Hwy 183 a major artery through Austin and is 10.3 miles from down town Austin.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 93.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $340 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $150,200 |
| Operating Expense: | $30,500 |
| Net Operating Income: | $119,700 |
| Expense Ratio: | 20.3 % |
Lot Information
| Singlewide Lots: | 40 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $320 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $675 |