Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Sale includes 3-1-1 house
Sale includes 3-1-1 house
Photo of Mobile Home Park
Photo of Mobile Home Park
Sale includes 3-1-1 house

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Land: This is land for developing a mobile home park
  • Listing ID: 15491
  • Posted On: Aug 17, 2010
  • Updated On: Jun 10, 2014

Description

The property at 103 Normandy is being offered as a
combination investment opportunity. This Property is located
in the heart of a rapidly expanding commercial area. It is a
unique opportunity in that the owner can have cash flow
while holding for future development. This is ultimately a
land play with immediate returns with minimal up-front
expenditures. In addition to the value-add opportunity, what
makes it even more attractive is the opportunity for
desirable owner financing terms. This below market land play
is profitable because of the desirable location on a new
bridge which is the major thorough fare to Eagle Mountain
Lake. This is perfect for expanding the existing RV park or
construction of a new building. The investment also includes
a single family residential rental that can be used for
manager quarters or to increase NOI.
Please


www.marcusmillichap.com/EBrochure/ES.asp?

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Park Information

Number of MH Lots: 5
Total Occupancy: 40.0 %
Year Built: 1970
Average MH Lot Rent: $200
Size: 1 acre(s)

Lot Information

Singlewide Lots: 4
Park Model Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $350