Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1237785
- Posted On: Apr 2, 2020
- Updated On: May 21, 2020
Description
Mobile Home Park on 4.53 acres within the city limits of Corsicana, TX 75110. Presently, there are 12 mobile homes and 12 open spaces with surplus land of 3 acres. The park owns all the mobile homes and 2 brick buildings with approximately 4,088 sq ft. All homes are on city water and Sewer. Tenants pay all utilities, water, sewer, trash, & electric. Zoining is Industrial.
Location
Long frontage on S Business 45
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $142,680 |
| Operating Expense: | $21,500 |
| Net Operating Income: | $121,000 |
| Expense Ratio: | 15.1 % |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $655 |