Contact Information

Mobile Home Park Details

  • Price: $4,300,000
  • Cap Rate: 7.2%
  • Property ID: 1028993
  • Posted on Feb 1, 2019

Property Description

Capstone Manufactured Housing is pleased to present Cimarron Park Estates: a 97-site community located in Nolanville, TX. Nolanville is just minutes outside of Killeen, a midway destination point between Austin and Waco. The property is a well-maintained asset with a family-friendly atmosphere featuring a pool, playground, and picnic area. Cimarron Park features in-place operational efficiencies, including sub-metered water/sewer as well as annual rental increases upon every lease renewal: both of these factors aid in increasing value year-over-year. Nolanville presents an extremely strong manufactured housing rental market with average occupancy at 92%. Overall this offering presents the opportunity to acquire a well-maintained, cash-flowing asset with in-place operational efficiencies.

**Download Offering Materials: http://capstoneapts.listinglab.com/CimarronParkEstates/index.cfm**

Amenities

  • Pool
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Park Information

Community Type: All Age
Number of MH Lots: 97
Total Occupancy: 92.0 %
Year Built: 1993
Average MH Lot Rent: $280
Size: 14.9 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 55

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