Mobile Home Park Details

  • Listing ID: 13189
  • Posted On: Jun 2, 2010
  • Updated On: Oct 19, 2010

Description

Town & Country Mobile Home Park in Natalia, Texas. 25 min. drive from San Antonio. Each lot is fenced with its own yard, city water & electricity & garbage pick up. Also has an office on site with a storage area for the equipment that comes with the park. This includes a riding lawnmower (purchased 07), tractor and more. A 2 bedroom, 1 bath home (remodeled in 07)sits at the front of the 9.672 ac. and is currently rented out @ $475.00 per month. A steel framed partially built building w/ roof and sectioned off bathrooms sits to the left of the property. Once this building (approx. 4800 sq. ft.) is complete it can be rented for added income. Original building that was there was rented for $600.00 per month and housed a restaurant. This new building is three times larger. Entrance to T&C MHP faces the main road (Hwy 132/81)in Natalia. About 4-6 lots that still need water & electricity. Take a ride out there and you will fall in love with the beautiful property. Keep as MHP or use the almost 10 ac for other businesses. Unlimited Potential.

Annual Income: 46,120.00 (for 2008)

Expenses: Salary (park mgr.) $ 4,781.00
Water 740.25
Electricity 3,705.09
Phone                1,023.27
Insurance           1,571.51
Taxes 4,542.56
---------------
Total Expenses (2008) $16,364.18

Income $46,120.00
Expenses  16,364.18
_____________
Net $29,755.82

Potential Income:

4800 sq. ft. Commercial Building - Once complete will bring in a minimum of $600.00 per month.

Raise Lot rental fees to a minimum of $175.00 per month (last raised in 2008)

Raise 2 bedroom house to a minimum of $600.00 per month

This is added income without making changes, just completing the construction on the metal building. There are also the lots that need to have water and electricity wired to them. There is so much more that can be done with this almost 10 ac. property. Call to come see it and see for yourself!!!!

Call Debi at 210-912-2931 for showings. Seller is motivated and will look at all offers!

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

Park Information

Number of MH Lots: 37
Average MH Lot Rent: $140

Financial Information

Gross Income: $46,120
Operating Expense: $16,364
Net Operating Income: $29,755
Expense Ratio: 35.5 %