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Flying L Homes 1341 Flying L Lane, Mansfield, TX 76063

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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