Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1306074
- Posted On: Aug 13, 2020
- Updated On: Feb 9, 2021
Description
This INVESTMENT PROPERTY is on 2 acres of land approx 6 miles East of Huntsville, with 3 site built homes and 5 mobile homes. One of the homes is from the 1980's and the other two were built in 2017. Three mobile homes are from the 1980's and have been remodeled or refurbished inside and out. One unit needs interior updating. All of the rentals are 2 bedroom, 1 bathroom except for the two newest constructed which are 2 bedroom with 2 full bathrooms. 3 rentals are on local water district service and 5 are on a common well. 3 rentals are on an aerobic sanitary system and 5 are on septic tank. The building classes are A and C. Improvements consist of over 5900 sq. ft., not including covered outside entries and decks. Currently the Gross rental is: $66,720/yr. with expenses approx. $7100/yr. Newly asphalted road (JULY 2020).
Location
Huntsville, TX: Take Hwy. 190 East of Huntsville approx. 6 miles and turn right onto Kalyn Rd. go approx. 1/2 mile and property will be on the left. No sign in front.
Park Information
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $66,720 |
| Operating Expense: | $7,100 |
| Net Operating Income: | $59,620 |
| Expense Ratio: | 10.6 % |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |