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Mobile Home Park For Sale 9777 State Highway 31 West, Malakoff, TX 75148

Off Market   Price Reduced  

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Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1731868
  • Posted On: Aug 10, 2022
  • Updated On: Feb 9, 2023

Description

8 unit mobile home park for sale. Also has a commercial auto mechanic building that is rented. Directly on Highway 31

5 of the 8 Mobile Home Park lots have units on them and the lot rent is $350 / month.

The auto mechanic building is rented for $550 / month

I have not raised rents since I purchased the park 5 years ago.

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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 62.5 %
Average MH Lot Rent: $350
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $30,878
Operating Expense: $16,361
Net Operating Income: $131,414
Expense Ratio: 53.0 %

Lot Information

Singlewide Lots: 6
Doublewide Lots: 2
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: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0