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Churchill Mobile Home Park 816 Churchill Rd, Fort Worth, TX 76114

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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.6% (Pro Forma)
  • Listing ID: 19637
  • Posted On: Feb 14, 2011
  • Updated On: Feb 14, 2011

Description

I am working with friend to sell this mobile home park quickly. Here is some further info on the mobile home park.

42 Spaces Total
28 Active Pad Sites
14 Future Pad Sites
24 Park Owned Units
2 Acres of Leased Land
Located 5 Miles from Downtown
City Water & Sewer
Individually Metered Electric
Established Community
Tenants Pay in CASH
Positive CashFlow @ 25% Occupancy
$200K
Call (817) 381-6020

Location

5 Miles from downtown Fort Worth

Amenities

  • Storage
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Park Information

Number of MH Lots: 42
Total Occupancy: 25.0 %
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $154
Operating Expense: $35
Net Operating Income: $118,728
Expense Ratio: 22.7 %
Debt Info: No Debt

Lot Information

Singlewide Lots: 22

RV Information

Number of RV Lots: 20
Average RV Lot Rent: $400

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 28
Average Rent for Park-owned Homes: $500