Contact Information

Andy Kutach

Expansion

Mobile Home Park Details

  • Price: $1,700,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 12.0%
  • Property ID: 1155723
  • Posted On: Nov 11, 2019
  • Updated On: Dec 11, 2019

Property Description

32 DW Mobile Homes on 70 Acres! Own the biggest MH park in Alto Tx! 100% occupied sprawling over 70 acres with plenty of room to expand. Smooth asphalt roads throughout. Very clean and well run park. Each of the 32 mobile homes have their own electric meter, water meter and aerobic septic system. Super low taxes and expenses. This one will sell quick and with 70 acres this park can double or triple in size.

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 100.0 %
Year Built: 2010
Average MH Lot Rent: $625
Size: 70.0 acre(s)

Financial Information (Actual)

Gross Income $240,000
Operating Expense $30,000
Net Operating Income $210,000
Expense Ratio 12.5 %
Debt Info

Lot Information

Doublewide Lots: 33

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

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