Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.3%
- Listing ID: 2239080
- Posted On: Mar 25, 2023
- Updated On: Sep 18, 2023
Description
The Subject Property is located at 1511 Dogwood Drive, Huntsville, TX. 77340. Dogwood is pleased to offer for sale the Dogwood Portfolio consisting of 22 MH sites located on 2.5 acres. 12 MH are tenant owned, 2 homes are park owned and occupied, 3 vacant homes that need some repairs and 5 vacant lots. All lots have city water and sewer, paved roads and street lights. Tenants pay all utilities, trash and yard maintenance.
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Park Information
| Total Occupancy: | 64.0 % |
| Average MH Lot Rent: | $450 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Operating Expense: | $100,330 |
| Net Operating Income: | $5,400 |
Lot Information
| Singlewide Lots: | 22 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
