Contact Information

Mobile Home Park Details

  • Price: $3,200,000
  • Property ID: 1084642
  • Posted on May 22, 2019

Property Description

Country Village is a 2 star all-age manufactured housing community located in Corsicana, Texas. The community consists of 90 developed spaces including 1 apartment situated on 11.26± acres of land. Country Village is serviced by municipal utilities and offers its residents on site management, spacious lots, and close proximity to schools. Also included for sale is an additional 9.9 acre land parcel, which is adjacent to the community, for future expansion. The existing Fannie Mae loan would need to be assumed at a 1% fee. The loan is $2.23M at 4.85%, 2 year interest only (ends May 2021), 10 year fixed-rate, and 30 year amortization.

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Park Information

Community Type: All Age
Number of MH Lots: 90
Total Occupancy: 88.0 %
Average MH Lot Rent: $350
Size: 21.0 acre(s)

Utility Information

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

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