Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1506982
- Posted On: Sep 2, 2021
- Updated On: Jan 19, 2022
Description
High income producing property located in a centralized location in Mission, TX. Property has a mix of apartments, RV's and mobile homes. Property also has a car lot currently leased out. The Mobile Home/RV Park has 65 spaces for trailers very neatly set in place with their own carport and thirteen (13) apartments. There is so many great opportunities for this commercial zoned property! Convenient to schools, retail shopping, medical and expressway. Park has additional space to have an office located on site and has a large workshop/garage for park equipment and storage.
Location
Intersection of Business 83 and Stewart Rd in Mission, TX
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Park Information
| Community Type: | All Age |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $420,000 |
| Operating Expense: | $176,000 |
| Net Operating Income: | $243,694 |
| Expense Ratio: | 41.9 % |
RV Information
| Number of RV Lots: | 65 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 61 |
| Average Rent for Park-owned Homes: | $450 |
