Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.5%
  • Property ID: 1501757
  • Posted On: Aug 23, 2021
  • Updated On: Jan 4, 2022

Property Description

Investor opportunity in growing area! 6 mobile homes on 1.66 acres. Property is zoned commercial. Four of the units are 3 bedroom, 2 bath mobiles. There is one 2 bedroom, 2 bath mobile and a 2 bedroom, 1 1/2 bath mobile. Reno city water. Each unit has its own conventional septic system and a storage shed. All units well maintained. Tenants pay their own utilities. Operating expense from 2019. Owner did some extensive rehabbing of one of the units in 2020.

Location

Hot Parker County market. Just 30 minutes from downtown Fort Worth or Weatherford. Located approximately 4 miles north of Hwy 199.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 100.0 %
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $49,900
Operating Expense $16,711
Net Operating Income $33,189
Expense Ratio 33.5 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

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