Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Property ID: 1353160
  • Posted On: Nov 9, 2020
  • Updated On: Apr 21, 2021

Property Description

This park is located on 9.8 acres near the town of Sweeny which has a great school district , It is located in Brazoria County one of the fastest growing Counties in Texas. This location gives good access to all major employers Phillips Petroleum Company and Taneris Pipe company and Dow Chemical These Companies are projecting Billions of dollars in growth in their operations. There are 28 rentals that bring in over $ 20,000.00 per month in rents all units are park owned . This park can be operated with on site management by someone that wants to retire early , and work about 3 hours a day and have a great income or there is a site designated for a Park Host. Call me for more info Bob Peltier, broker, 979-849-1238. See attached flyer. Info deemed reliable but not guaranteed. Buyer to verify.

Location

7588 FM 1459, Sweeny, TX 77480

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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 90.0 %
Year Built: 2002
Average MH Lot Rent: $728
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income $18,096
Operating Expense $6,965
Net Operating Income $11,131
Expense Ratio 38.5 %
Debt Info

Lot Information

Singlewide Lots: 13
Park Model Lots: 13

RV Information

Number of RV Lots: 14
Average RV Lot Rent: $595

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 28
Average Rent for Park-owned Homes: $728

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