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Paris Mobile Home Park 2671 North Main Street, Paris, TX 75460

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.1% (Pro Forma)
  • Listing ID: 1359775
  • Posted On: Nov 24, 2020
  • Updated On: Sep 22, 2021

Description

JTACR is pleased to have the opportunity to present Paris Mobile Home Park For Sale.
This opportunity consists of a 49 unit community, located in the city of Paris. Property offers an opportunity to add amenities, improve current homes, and establish on site management.

Contact JTACR for full packet, financial analysis, and location specifics.

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Park Information

Community Type: All Age
Number of MH Lots: 49
Total Occupancy: 90.0 %
Year Built: 1985
Average MH Lot Rent: $350
Size: 8 acre(s)

Financial Information (Pro Forma)

Gross Income: $165,198
Operating Expense: $45,366
Net Operating Income: $119,832
Expense Ratio: 27.5 %

Lot Information

Singlewide Lots: 49

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $150

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