Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 19679
- Posted On: Feb 16, 2011
- Updated On: Apr 1, 2011
Description
69 Space mobile home park on 10 acres. Established 1979. 47 occupied spaces. 20 park owned units. Price has been reduced for fast sale. Park has two wells and its own waste water treatment plant. Bad element has been cleaned out of the park now it is time to build it up and make it a park you can be proud of owning. Great Tenants! Most of the Tenants have lived here for years! Park has some cosmetic issues, but you can see what a great place it is.
Location
Situated in NE Harris County, Texas. Located near the intersection of FM 1960 and FM 2100. 1 1/2 miles east of Lake Sam Houston.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 69 |
| Total Occupancy: | 68.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $250 |
| Size: | 10 acre(s) |
Financial Information
| Gross Income: | $151,130 |
| Operating Expense: | $78,331 |
| Net Operating Income: | $72,799 |
| Expense Ratio: | 51.8 % |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $500 |