Contact Information

Mobile Home Park Details

  • Price: $1,000,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1362798
  • Posted On: Dec 2, 2020
  • Updated On: Feb 25, 2021

Property Description

JTACR Real Estate Group is pleased to present The Ranch: a 100-site community located in Plainview, TX.​ The community is advantageously positioned just off of Interstate 27, providing excellent accessibility to the entire region.​

In addition, The Ranch Mobile Home Community is located within the City Limits of Plainview, with City hookups for both Water and Sewer.​

Current ownership features below market rents, as well as the upside of filling currently vacant pad sites, thereby presenting investors with immediate rental upside.​ This is a non-Stabilized park with operational and financial upside.​

Amenities

  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 100
Total Occupancy: 17.0 %
Average MH Lot Rent: $200
Size: 18 acre(s)

Financial Information (Pro Forma)

Gross Income $48,240
Debt Info

Lot Information

Singlewide Lots: 100

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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