Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.9% (Actual)
- Listing ID: 1324826
- Posted On: Sep 16, 2020
- Updated On: Dec 23, 2020
Description
Turn key Business for sale, 18 newer park owned homes in extremely upper end high growth area. Continuous financial growth. Road frontage on Main Street
Location
1341 Flying L Lane Mansfield Tx 76063
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $0 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $270,820 |
| Operating Expense: | $49,753 |
| Net Operating Income: | $221,066 |
| Expense Ratio: | 18.4 % |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 7 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $1,200 |
