Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 477831
- Posted On: Oct 16, 2014
- Updated On: Jan 31, 2015
Description
TOTAL 38 SITES: (1 space occupied by manager). Annual/semi-annual/monthly leases/rentals. 30% of spaces can be used for RV. City utilities. No additional sites may be developed. Quiet established community. Great visibility. Located in the oil patch of Texas. Great demand for sites.
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Park Information
| Number of MH Lots: | 38 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1959 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $99 |
| Operating Expense: | $21 |
| Net Operating Income: | $77 |
| Expense Ratio: | 21.2 % |
| Debt Info: | * based on 18 months |
RV Information
| Number of RV Lots: | 10 |
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $400 |