Ft. Worth Texas 2 Park Portfolio for Sale
Ft. Worth Texas 2 Park Portfolio for Sale
Texas Mobile Home Parks for Sale
Texas Mobile Home Parks for Sale
Texas Manufactured Commity for Sale
Texas Manufactured Commity for Sale
Ft. Worth Texas 2 Park Portfolio for Sale
Texas Mobile Home Parks for Sale
Texas Manufactured Commity for Sale

Mobile Home Park Details

  • Cap Rate: 12.4%
  • Listing ID: 15495
  • Posted On: Aug 17, 2010
  • Updated On: Mar 19, 2013

Description

There is no owner financing available and the parks will only be sold as a pair.
Current pricing offers a 20% cash on cash return!

•This offering consists of two mobile home parks
which are operated as one community. Roll-a-Home and Gardens Mobile
Home Parks are located approximately 1500 feet from each other.
•Both parks are on city utilities and have asphalt paved streets.
•Schools and abundant shopping are located in close proximity to the parks.
•The parks consist of 96 total units with a competent on-site manager that
handles duties at both communities.
•Included in the sale are 37 park owned homes.
•The property location is within a very short distance from a major naval air station reserve base and Lockheed Martin’s Air Force Plant 4 manufacturing facility, which alone employs nearly 12,000 workers.
•Only minutes from downtown Fort Worth and a mile from Interstate 20.
•Gardens has additional land that could possibly be used to add additional
spaces to the park.
•Upside opportunity in leasing up any available spaces and park owned rental homes and additional land in Gardens that could possible used to add
additional spaces.
2 to 2.5 star park with steady historical earnings.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 78
Total Occupancy: 85.0 %
Year Built: 1965
Average MH Lot Rent: $250
Size: 9 acre(s)

RV Information

Number of RV Lots: 18
Average RV Lot Rent: $250

Park-Owned Homes

Number of Park-owned Homes: 37
Average Rent for Park-owned Homes: $500