Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.0%
- Listing ID: 1145058
- Posted On: Oct 15, 2019
- Updated On: Dec 19, 2020
Description
Updated Price. Solid investment, Stabilized.
Country Setting, Spacious Mobile Home and RV Park. on ±7.4 acres.
20 Mobile Home lots, 4 Cabins, 14 RV lots.
Stable income with low maintenance and long term Tenants.
75% 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.
Financial details available with signed NDA attached.
This Property is a stabilized asset with marginal variations, suited for an Owner-Operator, probably not suited for institutional or syndicated investors.
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
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 75.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $325 |
| Size: | 7 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 |
