Contact Information
Royce Phillips
Mobile Home Park Details
- Price: $950,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Property ID: 1370295
- Posted On: Dec 18, 2020
- Updated On: Mar 4, 2021
Property Description
Bay Area Mobile Home and RV Park is a mixed use mobile home and RV park. There are 35 spaces 90% occupied averaging $400 per month. The park is newly remodeled with asphalt paved roads, new electric service throughout and a new office and laundry room. The park has a maintenance building on the grounds.
Location
San Leon is southeast of Houston on Galveston bay conveniently located between the industrial areas of the Houston Ship channel and Texas City. It is also very close to the Kemah Boardwalk shopping area.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 39 |
| Total Occupancy: | 77.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $400 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income | $13,000 |
| Operating Expense | $5,500 |
| Net Operating Income | $7,500 |
| Expense Ratio | 42.3 % |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |