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Ken La Mobile Home Park 1300 Kansas City Road, La Feria, TX 78559

Expired  

Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Manufactured Home Community
Highway 83 Frontage
Highway 83 Frontage
Photo of Multi Family Housing
Photo of Manufactured Home Community
Highway 83 Frontage

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.5% (Pro Forma)
  • Listing ID: 102396
  • Posted On: Aug 11, 2011
  • Updated On: Aug 19, 2013

Description

7+ acres located on Highway 83 and Kansas City Road (this makes this very desirable land) with ~85 spaces. Included in this purchase are ~70 homes. Hurry this won't last long at this price.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 80
Total Occupancy: 90.0 %
Year Built: 1970
Average MH Lot Rent: $170
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income: $250,000
Operating Expense: $125,000
Net Operating Income: $0
Expense Ratio: 50.0 %
Debt Info: 0

Lot Information

Singlewide Lots: 68
Doublewide Lots: 2
Park Model Lots: 2

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $150

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 70
Average Rent for Park-owned Homes: $250