Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.1%
- Listing ID: 1451147
- Posted On: Jun 2, 2021
- Updated On: Sep 6, 2021
Description
31 spaces, 19 rentals. Under rent and under managed. Owner has multiple properties and beginning to divest. We have others we will sell. Rentals are mainly rv's. Have a couple single wides and one excellent double wide. Would be great opportunity for owner occupant that wanted to maximize profits and run the place. Seller motivated.
Location
50 minutes from downtown Houston. Good rental area
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 90.0 % |
Financial Information (Pro Forma)
| Gross Income: | $142,800 |
| Operating Expense: | $44,200 |
| Net Operating Income: | $98,600 |
| Expense Ratio: | 31.0 % |
| Debt Info: | n/a |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |