Contact Information

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