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Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 13.0%
  • Listing ID: 13178
  • Posted On: Jun 2, 2010
  • Updated On: May 26, 2011

Description

Presented by Brazoria Estates
Serving You 7 Days a Week”

Mobile Home Park with amazing owner financing!!
Cap Rate: 13%

Highlights

Nice, 14 space park. Rents have not been increased for several years. Two + acres. Taxes are very low.

Terrific location, a few minutes from Highway 288, located between Houston/Freeport and a few short minutes from

A number of industrial plants and from Surfside Beach. Huge demand for rental homes.

Private Trash Pickup

City Water and tenants pay “all” utilities and lawn service.

New Sewer/ to be installed shortly, or a new owner can upgrade yourself with a nice price adjustment.

Offered at $ 571,000, owner financing is available.

Cap Rate 13 % with 14 spaces and 11 homes

Manager will stay on for new owner, however, the property does not require full time on site management.

All offers entertained. Very lucrative terms and finally an owner open to creative financing.

Total Monthly Expenses

816.00

Cap rate of 13

Make an offer!Maureen Irwin Tel: (832) 868-8566—

Email: maureenirwin@yahoo.com

Let me know if you care to make arrangement to see the park.

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

Park Information

Number of MH Lots: 14
Total Occupancy: 98.0 %
Average MH Lot Rent: $200

Financial Information (Actual)

Gross Income: $84
Operating Expense: $9
Net Operating Income: $74
Expense Ratio: 10.7 %

Lot Information

Singlewide Lots: 14

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $525