Contact Information

Mobile Home Park Details

  • Price: $489,900
  • Purchase Method: Cash
  • Listing ID: 4401819
  • Posted On: Feb 10, 2024
  • Updated On: Mar 2, 2024

Description

Extremely well maintained mobile home park with 6 park owned 2 bedroom homes + 3 RV spaces, all nestled amongst mature trees/landscape. Country setting just north of Amarillo city limits allows for easy expansion through county. Tenants maintain yards, pay own utilities. Park pays water (2 wells) & garbage. Features gravel drives & designated parking, community storm shelter, 4 septic tanks, numerous storage bldgs./well houses, covered parking. Rent out storage bldgs./parking for additional income. Possible room for addition of tiny homes and/or RV spaces. A local bank will finance at 80% LTV, call listing agent for details. As of 3-2-24, occupancy rate is 90%.

Location

North of Amarillo City Limits, in the River Road School District, a quiet neighborhood with lots of trees.

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Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 90.0 %
Year Built: 1984
Average MH Lot Rent: $825
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $5,021
Net Operating Income: $3,780

RV Information

Number of RV Lots: 3
Average RV Lot Rent: $295

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $825

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