Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 407496
- Posted On: Oct 6, 2013
- Updated On: Jan 6, 2014
Description
Opportunity to purchase Tuck's Mobile Home Park in Mineral Wells, Tx. The properrty is a well maintained, all age family community consisting of 47 sites on 8 acres, Included in the sale is an additional 6 acres available for expansion and the Owners 2bed/1bath home which could be rented out for additional income. Currently 10 park owned homes; 9 of which have been remodeled. The properrty has an on site management office and city water and sewer which is billed back to the residents, Trash service is provided by the park. Residents pay their own gas, electric, cable directly to their own choice of provider.
Location
Tuck's Mobile Home Park is located 1.5 miles South of U.S. Highway 281 in Mineral Wells which is approximately 40 miles west of Fort Worth. The property is conveniently situated 18 miles West of Weatherford and 30 miles East of Possum Kingdom.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 47 |
| Total Occupancy: | 53.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 14 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $118,000 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $93,000 |
| Expense Ratio: | 21.2 % |
Lot Information
| Singlewide Lots: | 31 |
RV Information
| Number of RV Lots: | 16 |
| Average RV Lot Rent: | $225 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $575 |