Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 132872
- Posted On: Apr 11, 2013
- Updated On: Oct 16, 2013
Description
Lots: 49
Lot Only: 5
LTO: 34
Location
Cavalier Mobile Home Community is located conveniently off the loop in Texarkana on a main 4 lane highway with a significant amount of daily traffic passing by our community. The park is set back from the highway with a white vinyl fencing, trees, and a country estates type appearance.
-Population increase of 8% over the last ten years.
-Unemployment rate is 1.5% below national average - very positive.
-Future job growth of 31.26% - very positive.
-There are 5 major hospitals in or near Texarkana.
-10 Univesities/Colleges including Texas A&M University in or near Texarkana.
-Located in top school district.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 82.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $250 |
Financial Information (Actual)
| Gross Income: | $192 |
| Operating Expense: | $64 |
| Net Operating Income: | $128 |
| Expense Ratio: | 33.3 % |
Lot Information
| Singlewide Lots: | 49 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 34 |
| Average Rent for Park-owned Homes: | $495 |