Contact Information

Mobile Home Park Details

  • Price: $700,000
  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Property ID: 1191991
  • Posted On: Feb 17, 2020
  • Updated On: Mar 12, 2020

Property Description

JTACR is pleased to present Pine Hill Mobile Home Park for sale.

Pine Hill is nestled right off of I-30 in Mount Pleasant, Texas, 121 miles east of Dallas, on a private road surrounded by pine trees and a small creek, in a quiet, wooded area.

Pine Hill is located near multiple mass employers such as Lowe’s Distribution Center, Big Tex Trailers, Jordan Health Services. Other occupations include management, material moving, and administrative support. With its convenient location to these mass employers, many tenants choose to stay in this quiet, close knit community long term.

Current ownership is local, but not onsite. The park stays near full occupancy. The owner does not market or advertise. All business is generated via word of mouth.

Pine Hill is 25 miles away from its sister community, which is also for sale. Upside potential includes an opportunity for expansion, with the property being 18.47 acres and approximately 50% utilized. Rents were raised in January of 2020. Current rents range $280-$550 based on home size, length of lease and number of tenants. Comparable home prices range from $750-$800.

Location

Right off of I-30 in Mount Pleasant, Texas, 121 miles east of Dallas, on a private road surrounded by pine trees and a small creek, in a quiet, wooded area.

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

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 90.0 %
Year Built: 1985
Average MH Lot Rent: $280
Size: 18 acre(s)

Financial Information (Actual)

Gross Income $95,810
Debt Info

Lot Information

Singlewide Lots: 18
Doublewide Lots: 6

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $475

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