Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.0%
- Listing ID: 2027613
- Posted On: Jan 30, 2023
- Updated On: Feb 4, 2024
Description
This property has 31 units, 80% of which are newly rehabbed. Great rents and NOI. Cash flow is fantastic and have 12 month leases in this stabilized property!
Location
It is located on 3.7 acres just outside Tyler city limits one mile from University of Texas at Tyler
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $225,000 |
| Operating Expense: | $45,000 |
| Net Operating Income: | $180,000 |
| Expense Ratio: | 20.0 % |
Lot Information
| Singlewide Lots: | 31 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |