Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.6%
- Listing ID: 3567794
- Posted On: Aug 23, 2023
- Updated On: Sep 25, 2023
Description
20 Unit Mobile Home Park Investment located at 977 CR 3302, Jacksonville, TX, 75766.
Lease Revenue: Gross lease amount of $9,000 per month ($7,100 NOI per month)
Accessibility: Strategically located for easy access.
Demand: Prime location ensures consistent tenant interest.
Market Trend: Mobile homes are in rising demand due to affordability.
This property offers a consistent revenue stream in a growing market. Contact us for more details and potential returns.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 20 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $450 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $108,000 |
| Operating Expense: | $24,609 |
| Net Operating Income: | $83,391 |
| Expense Ratio: | 22.8 % |
| Debt Info: | Owner Financing Available: $350K Down, 5.5% interest, 25 Year Amm, Term 10 Years |
Lot Information
| Singlewide Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $600 |