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?
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 |