Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.2%
- Listing ID: 1661992
- Posted On: May 5, 2022
- Updated On: Jun 17, 2022
Description
3 houses and 11 mobile homes with horse stables on almost 15 acres of land! Beautiful area of land off of Hwy 60 just outside of Canyon, Texas. Canyon is the home of West Texas A&M University as well as being a beautiful suburb to Amarillo, Texas. The stables offer an additional income stream for current and future renters, as well as the opportunity to increase rents based on other homes and mobile homes in the market area. Additionally, the land allows for more mobile homes to be added if they meet with current water and sewer regulations. Many of the homes have been remodeled to include new flooring and fixtures.
Location
Beautiful area of land off of Hwy 60 just outside of Canyon, Texas. Canyon is the home of West Texas A&M University as well as being a beautiful suburb to Amarillo, Texas.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $136,230 |
| Operating Expense: | $42,795 |
| Net Operating Income: | $93,435 |
| Expense Ratio: | 31.4 % |
Lot Information
| Singlewide Lots: | 11 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $860 |
