Mobile Home Park Details
- Cap Rate: 10.2%
- Listing ID: 1511225
- Posted On: Sep 8, 2021
- Updated On: Jan 7, 2022
Description
Opportunity to purchase a 33 spot RV park that is fully occupied most of the year. Also included is a highly rated restaurant called The Fisherman's Daughter which they have been leasing out for 6 years now.
Property also pulls in revenue from 10 storage units and propane sales.
Location
Property is located in south Texas, 15 minutes from Rockport and 15 minutes from Exxon's new petrochemical plant. It will be the largest ethylene cracker plant in the world.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 95.0 % |
| Year Built: | 2021 |
| Average MH Lot Rent: | $300 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $172,000 |
| Operating Expense: | $40,000 |
| Net Operating Income: | $132,000 |
| Expense Ratio: | 23.3 % |
| Debt Info: | No Debt |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
