Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.0%
  • Listing ID: 1576116
  • Posted On: Dec 20, 2021
  • Updated On: May 26, 2022

Description

Rare opportunity! Established income producing contract with the U.S. Customs and Border Protection. Readily available for hook-up are 22 additional mobile trailer lots. Residential and workshop building on premises. The mobile home park sits on approximately 4 of the 13 acres. The additional 8.99 acres adjacent to the park present future investors the opportunity to acquire a stabilized community with an opportunity for growth and increased rental income. Great location for HIP Camping! Horse Racing coming Soon to Presidio.

Location

1200 N FM 170 Presidio TX

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 35.0 %
Average MH Lot Rent: $283
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $40,752
Operating Expense: $9,122
Net Operating Income: $31,630
Expense Ratio: 22.4 %

RV Information

Number of RV Lots: 34
Average RV Lot Rent: $283

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $283