Contact Information
Tyler Nix
Mobile Home Park Details
- Price: $625,000
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Property ID: 1038986
- Posted On: Mar 6, 2019
- Updated On: Nov 3, 2019
Property Description
DO NOT DISTURB RESIDENTS
2-3 Star Park in City of Dallas
17 Lot Mobile Home Park + 2 Apartments
Clean Phase I Report in Hand
2 Brick buildings ('apartments') are rented as residences at $550/month
City Water/Sewer is privately submetered and billed back to residents
Water lines were completely replaced in 2017 with PVC
See Video Drive Through: https://youtu.be/ocPMYm-CvqE
~$55k NOI on Actuals 2018
~$60k NOI 2019 Annualized
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 2.0 acre(s) |
Financial Information (Actual)
| Net Operating Income | $57,000 |
| Debt Info |
Lot Information
| Singlewide Lots: | 17 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
