Contact Information

Todd Fletcher

ARA MHC Group

Mobile Home Park Details

  • Price: $450,000
  • Property ID: 1340009
  • Posted On: Oct 14, 2020
  • Updated On: Oct 23, 2020

Property Description

• Cedar Hill MHC offers investors the opportunity to purchase a 12 site community on public water located just 25 minutes from downtown Dallas and 45 minutes from downtown Fort Worth.
• Offered at a double digit cap rate, this park allows an investor to achieve high cash-on-cash returns from day one while providing the opportunity to capture significant upside.
• Tremendous value add opportunity for next owner to rent out the remaining 3 park owned homes and add up to $38,400 in annual income.
» 2 of the homes on site are brand new TRU homes that will need to be set up before being occupied, while the other is an older home that will need to be rehabbed.
• The park comes with additional vacant land allowing a new owner the possibility to expand the park or to subdivide and sell off the vacant land to lower their basis.
• Excellent location and area demographics with 10 year population growth of nearly 20% and average household income of $94,295 within a 1 mile radius of the community.

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Park Information

Number of MH Lots: 12
Size: 5 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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