Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 15.0%
  • Listing ID: 1138361
  • Posted On: Sep 27, 2019
  • Updated On: Jan 14, 2020

Description

INVESTMENT HIGHLIGHTS

Tremendous upside in a very high area of demand
Cash on Cash Return Approximately50% return on Seller’s

Turn key Property with manager and operations in tact
Strategic location catering to the Eagle Ford Shale and Government Complex

Eagle Ford Shale Housing Complex is strategically located in Carrizo Springs, Texas. Carrizo Springs is located in the Eagle Ford Shale, which is THE
LARGEST Oil and Gas Reserve in the United States. The area offers a high demand for overnight lodging and ‘EFS’ has a very positive cash flow stream
due to the demand. ‘EFS’ Housing Complex is also in high demand because the area is growing rapidly and uncorrelated industries/businesses are vying
for the limited high service housing units in Carrizo Springs. One of the uncorrelated industries is the U.S. Government. The Government has a Housing
Complex which is only a few miles from “EFS” and houses the service contractors for separated migrant children. “EFS” offers kitchenette housing
which no othe complexes offer and currently has tenants from some of the Fortune 500 Companies such as Halliburton, Schlumberger, etc. as well as
contractors providing education, healthcare, and resources for the separated children.

With uncorrelated businesses vying for “kitchenettes” and being strategically located close to the “Housing Complex” for separated children combined
with being in the heart of the Eagle Ford Shale, the next investor should benefit from the high demand for housing and an experienced operator should
be able to quickly turn this offering into an efficient operation and capitalize on improving a very strong cash flow for the coming years and enjoy an above market return on the intial investment.

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