Contact Information

Mobile Home Park Details

  • Price: $1,400,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1145058
  • Posted On: Oct 15, 2019
  • Updated On: Oct 15, 2019

Property Description

Solid investment, Steady income producer on ±7.4 acres.
Can be improved on the RV end. RV spots can be converted to MH spots.
41 Spots total, Spacious Mobile Home and RV Park. 16 MH, 21 RV Spots.
4 Cabins & Laundromat are the only park owned items.
Stable income with low maintenance, with long term Tenants.
70% occupancy = Room for improvement = opportunity.
Owner is Retired Law Enforcement = No Riff Raff, No Crack.
Contiguous Law Enforcement training center/ Range = No Riff Raff, No Crack
On site coin operated Washeteria.
Well and Septic system.
Wells are a very efficient way to control costs on water consumption in parks. With a professional contractor in charge of maintenance and compliance, a well system is very reliable.
Financial details available with signed NDA attached.

Location

Northwest Rural outskirts of Cleveland Texas, 5 MN to Cleveland, 30 MN to Conroe on 105, 40 MN to Houston down 59.

Amenities

  • Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 41
Total Occupancy: 70.0 %
Average MH Lot Rent: $325
Size: 7.4 acre(s)

RV Information

Number of RV Lots: 21
Average RV Lot Rent: $385

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $650

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