Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 1590004
  • Posted On: Jan 22, 2022
  • Updated On: Mar 7, 2022

Description

Remodeled Mobile Home Park with 7 Park Owned Homes with all separately metered electrical, gas, and water (CITY UTILITIES, TENANTS PAY ALL UTILITIES), Most units have new water heaters, refrigerators, Stoves, and Window Units, Upgraded Electrical, upgraded flooring. Turn Key Opportunity and Tenants currently pay electronically so perfect of out of town investors.
Units
519 $800.00
521 $600.00
523 $950.00
517 $900.00
513 $700.00
511 $700.00
509 $1,000.00
Monthly: $5,650.00

Location

521 Winship Rd., Pleasanton, TX (just south of San Antonio)

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Park Information

Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 1985
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $67,800
Operating Expense: $17,563
Net Operating Income: $50,236
Expense Ratio: 25.9 %

Lot Information

Singlewide Lots: 7
Park Model Lots: 7

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $810