Mobile Home Park Details
- Purchase Method: New Loan, Assumable Loan
- Listing ID: 1600238
- Posted On: Feb 9, 2022
- Updated On: May 9, 2022
Description
1111 Bassett Road Palestine, TX
$900,000 assumable seller financed note @ 5.5% for 25 years, payment is approximately $5500 per month.
33 Space all mobile home park, includes 28 park owned homes, 7 - 2 bed, 2 bath, 21- 3 bed, 2 bath (all homes are late 90's and early 2000's year models in good condition with central air and heat), 5 tenant owned homes. Paved road, concrete parking, spacious yards, water district water (metered by water district), city sewer, high demand for rental or rent to own. Market lot rent is $300 +, market home rents easily $750 to $900. New survey available.
Location
East Texas town 20,000 plus population, good schools, growing area, town has big box stores, Chick-fil-a, Starbucks, health care, government and education in close proximity to 100,000 plus population metro areas. Will be happy to disclose location and all financials with signed NDA. Have last 3 years P&L's and current rent roll.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 97.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 5 acre(s) |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 28 |
| Average Rent for Park-owned Homes: | $600 |
