Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 4401819
- Posted On: Feb 10, 2024
- Updated On: Aug 9, 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 6-7-24, occupancy rate is 100%.
Location
North of Amarillo City Limits, in the River Road School District, a quiet neighborhood with lots of trees.
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 |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
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 |