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Address is 4472 N Highway 83 Crystal City, TX 78839

Barkley Peschel

IronStone Realty Advisors

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DeerFly Trailer & RV Park

Multi Family Housing for Sale in Crystal City, Texas

4472 N Highway 83
Crystal City, TX 78839

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Mobile Home Park for Sale

Number of MH Lots: 30
Size: 8 acre(s)
Cap Rate: 29.0%
Purchase Method: Cash
Status: Sale Pending
Property ID: 356323
Posted on: Jul 25, 2013
Updated on: Dec 23, 2013

Property Description

A unique opportunity to purchase a newly developed (1.5-year old) trailer and RV park in the Eagle Ford Shale that produces great annual NOI. There are 20 spaces with parked-owned trailers for lease and 5 RV spaces for lease. Only half of the property is being used, so there is plenty of room for expansion. There are some immediate opportunities to increase monthly income as well. Property includes 20 1/1 Cavalier trailers by Gulfstream; laundromat onsite; wifi; DISH Satellite TV; gazebo with BBQ pits and gathering area; new 3/2 double-wide modular home; 40ft container storage building; 2" city water line; 1" city water line; and septic system to support double occupancy.

CASH SALE ONLY. Owner will not owner-finance or accept bank financing contingency.

Location Description

The DeerFly Trailer & RV Park is located on State Highway 83 North (HWY 83) on the north side of Crystal City, just outside the city limits in Zavala County. The site is about 15 minutes from Carrizo Springs and Dimmit County. Heavy Eagle Ford Shale drilling is occurring throughout Zavala and Dimmit county near the property.

Park Information

Number of MH Lots:30
Total Occupancy:90.0%
Year Built:2012
Average MH Lot Rent: $1,000
Size:8.0 acre(s)

Financial Information (Actual)

Gross Income$237,510
Operating Expense$60,000
Net Operating Income$177,510
Expense Ratio 25.3%
Debt Info

Lot Information

Singlewide Lots:1
Park Model Lots:30

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:21
Average Rent for Park-owned Homes: $1,000

Amenities and Other

Laundromat: Yes