Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1626768
  • Posted On: Mar 18, 2022
  • Updated On: Jul 22, 2022

Property Description

Mobile home park, includes 10 park owned units, located just outside the city limits of Nacogdoches, TX. Enjoy the best of both worlds while living in the country yet having only a 5 minutes' drive into town. This fantastic investment opportunity comes with excellent cash flow as it is currently 100% occupied. The property has low maintenance and low operating costs. Addresses include 110, 115, 120, 130, 135, 140, 145, 150, and 155 Fox Tail Trl, and 260 Co Rd 511.

Location

On 21E for 3 miles from the loop, turn right onto County Rd 511 behind Thrall's Cafe. Park entrance is on the right.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Year Built: 2020
Average MH Lot Rent: $800
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $100,200
Operating Expense $13,116
Net Operating Income $87,084
Expense Ratio 13.1 %
Debt Info

Lot Information

Singlewide Lots: 9
Doublewide Lots: 1

Utility Information

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

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