Contact Information

Kris Wessel

NAI Martens

Mobile Home Park Details

  • Price: $1,785,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1370381
  • Posted On: Dec 21, 2020
  • Updated On: Dec 21, 2020

Property 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 $860 per month for 1 BR units and $1,100 per month on their 3/2 mobile homes, and those are on long term rent to own programs. 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: 79.5 %
Average MH Lot Rent: $400
Size: 14 acre(s)

Financial Information

Net Operating Income $178,515
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 28

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