Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1626768
- Posted On: Mar 18, 2022
- Updated On: Jul 22, 2022
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 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |