Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 9.0% (Actual)
- Listing ID: 3069353
- Posted On: Jun 5, 2023
- Updated On: Oct 2, 2023
Description
This income-producing mobile community with low operational costs is located in Baytown, just off the I-10 and about 30 minutes from Downtown Houston. The property currently has 14 tenant-occupied mobile homes with 1 prepped vacant space. All mobiles are fully owned by the Sellers. All utilities are connected to the city. Sewer/drainage, water, and electricity were updated in 2021 (no septic or water well to worry about).
The tenants pay their own utilities and hold renters insurance. 2 acres of land are cleared and can fit as many as 15 additional mobile homes for increased earning potential. All mobile homes are in good, habitable condition, and are regularly maintained.
Sellers also offer property management services and/or transitional guidance to new owners if needed.
Please reach out to the listing agent directly for the latest Pro Forma, rent roll, and videos or to schedule a visit.
Location
This unrestricted lot of almost 4 acres is located near 2 major roads-Thompson Rd./Bayway Dr. and TX-330 Spur, with quick access to I-10 from Thompson Rd.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 93.0 % |
| Year Built: | 2021 |
| Average MH Lot Rent: | $1,200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $15,350 |
| Operating Expense: | $500 |
| Expense Ratio: | 3.3 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 14 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $1,100 |
