Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 9.3% (Actual)
- Listing ID: 422560
- Posted On: Jan 25, 2014
- Updated On: Jul 30, 2014
Description
1/4 mile from Laughlin Air Base, Approx. 800 feet from East End Loop 79 which is new bypass around Del Rio. Property level, with 207 ft. Hwy frontage, room to expand. City water/sewer, irrigation well. On this property is 1 house, 1 duplex, 3 RV spaces, a large shop & 20 park owned mobile homes. Sizes range from 2 bed-1 bath to 3 bed-2 bath.All are in clean, maintained, excellent condition. For investors, we have an excellent manager on site or it is a terrific property for owner/operator. Our tenants are derived from the Air Base, the Prison, Boarder Patrol, City/County employees and others.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 82.0 % |
| Year Built: | 1980 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $125 |
| Operating Expense: | $62 |
| Net Operating Income: | $62 |
| Expense Ratio: | 49.6 % |
| Debt Info: | assumable- private 6.5% |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $550 |
