Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 20.0%
- Listing ID: 16132
- Posted On: Sep 8, 2010
- Updated On: Oct 19, 2010
Description
6 ACRES 37 LOTS 300 FT HWY FRONTAGE 14 MILES FROM SAN ANTONIO,TX TOYOTA PLANT 8 MILES,NEW TEXAS A&M UNIVERSITY,EXPECTING TO HAVE 40,000 STUDENTS: REASON I'M SELLING IS DUE TO ILLINES, I ABANDONED MY MHP 9 YEARS AGO DUE TO MY BATTLE WITH CANCER. MY MHP JUST NEEDS TLC TO GENERATE MORE $.THIS MHP IS A GOLD MINE IT ONLY NEEDS A LITTLE DIGGING. I NEED $170,000 DWN TO PAY 1ST NOTE THE REST I CAN CARRY.
Location
6 ACRES 37 LOTS LOT SIZES 27 LOTS ARE 50X100 --7 LOTS 40X100 --3 LOTS 30X65,APROX 27 SEPTICS DOUBLE CAPACITY WATER IS FROM CITY OF SAN ANTONIO,TX I PAY FOR WATER & TRASH.
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Financial Information (Actual)
| Gross Income: | $5,000 |
| Operating Expense: | $1,000 |
| Net Operating Income: | $4,000 |
| Expense Ratio: | 20.0 % |
| Debt Info: | PRIVATE NO ASSUM.$170.000 |