Contact Information
Mobile Home Park Details
- Price: $1,950,000
- Cap Rate: 8.7%
- Listing ID: 6140087
- Posted On: Jun 6, 2024
- Updated On: Jun 13, 2024
Description
- Offered Below Replacement Cost at $12,745 Per Site
- Opportunity to Infill Vacant Sites with Mobile Homes/Park Models
- Located 14 Minutes from McAllen International Airport
- Operates on City Water and Septic Sewer
- Approximately 2.5 Miles From HEB Grocery and 5 Miles From Walmart
Amenities
- Laundromat
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 153 |
| Year Built: | 1977 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $332,454 |
| Operating Expense: | $223,796 |
| Net Operating Income: | $108,658 |
| Expense Ratio: | 67.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
