Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 12.3%
  • Property ID: 1239760
  • Posted On: Apr 8, 2020
  • Updated On: Jul 6, 2020

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire Wier Trailer Park located in Brazoria, Texas on approximately three acres. The community contains 28
Mobile Home & RV sites that are 79 percent occupied, of which 15 are Mobile Home with no park owned homes and the remaining 13 RV sites. Wier Trailer Park offers
three unoccupied apartment: one 3 bed/2 bath approximately 2002 SF and two 1 bed/1 bath approximately 650 SF and 689 SF. The community is serviced by public
water and sewer that is sub-metered.

Location

Brazoria is a friendly, peaceful town with a population of approximately 3,000 and growing. Brazoria is minutes away from the Gulf of Mexico, Brazoria is in a prime
location to have a career and still enjoy the small-town charm. Here you will find a growing job market and economy and a lower than average cost of living. With a great
educational system, growing housing market and local amenities, Brazoria is a wonderful place to live and raise a family.
With annual events like the No-Name Festival, Heritage Celebration and Christmas in Brazoria, Celebrate America, Firemans Carnival, Brazoria Loins Club Annual Gun
Raffle and fundraiser, Brazoria Passion Play Boat Parades, the city is rich in community involvement. Brazoria is a warm and inviting place to live and work with Texas
hospitality at its core. Our town is rich in history! To honor that history, the Brazoria Heritage Foundation has restored the old Brazoria School and created a community
center called the Brazoria Civic Center. This establishment includes a large auditorium for entertainment and community events along with a museum where you can find
an abundance of historical information.

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

Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 68.0 %
Year Built: 1968
Average MH Lot Rent: $250
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $146,200
Operating Expense $39,374
Net Operating Income $98,566
Expense Ratio 26.9 %
Debt Info

Utility Information

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