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Mobile Home Park Details

  • Price: $799,000
  • Cap Rate: 10.3%
  • Property ID: 1239778
  • Posted On: Apr 8, 2020
  • Updated On: Jan 11, 2021

Property Description

Longview, TX – Home to tall pines and deep traditions, this investment opportunity is conveniently located in the heart of the Ark-La-Tex, with easy access to Shreveport and Texarkana, less than an hour away.

Situated on Highway 80, this investment opportunity consists of 24 pads within the mobile home park, and 2 commercial buildings (4,000 SF and 4,800 SF) that house 5 office/warehouse tenants, which provide a solid rental income with very few ownership responsibilities. This park is outside of the city limits, and offers residents a quiet, safe and convenient place to live. Over the years the occupancy rate has been high, with many long-term tenants. At the present time, the occupancy rate is 88%. Of the 24 pads, there are currently 1 lot renter, 21 park-owned homes (POH), 2 vacant lots, and 1 vacant POH.
This park features city water (which is paid for by the park), asphalt/gravel roads, and an aerobic septic system that is in excellent working condition. The park is near all local amenities since it is just minutes to downtown, and it is not in a flood zone.

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

Park Information

Number of MH Lots: 24
Total Occupancy: 100.0 %

Utility Information

Water: City
Sewer: Septic

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