Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 1370381
  • Posted On: Dec 21, 2020
  • Updated On: Sep 7, 2021

Description

43-Space tiny home and MH community that provides monthly rentals of clean, late model housing, in an area with a great demand and strong rental rates for blue collar housing. The property is getting $780 to $900 per month for monthly or weekly 1 BR units and $1,000+ per month on long term leases for their 3/2 mobile homes. Attractive property with late model homes and an onsite office / laundry. Texas broker of record: Lloyd Thomas, NAI Aldrich-Thomas Group.

Location

Located just 30 miles southwest of San Antonio, in Moore, Texas. Situated just off of Interstate 35.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 43
Total Occupancy: 59.6 %
Average MH Lot Rent: $400
Size: 14 acre(s)

Financial Information

Net Operating Income: $178,515

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Video

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