Contact Information
Melvin Chaloupka
REMAX Land and Homes
Mobile Home Park Details
- Price: $2,750,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.7%
- Listing ID: 6482014
- Posted On: Jul 3, 2024
- Updated On: Oct 23, 2024
Description
Here is your chance to own a very well-established Mobile Home Park in Victoria, TX. The Halepaska Mobile Home Park consists of 40 sites on 10 acres of land that is located outside of Victoria City Limits but in the ETJ. This park has a proven track record of being a premier money-making park. This park has a 100% occupancy with a waiting list. Seller also has 12 owner financed mobile homes that will convey to the buyer. This park consists of a TCEQ approved Licensed Water and Sewer Treatment Plant. All lots are 1/4 acre, fenced and with a storage building.
HALEPASKA MOBILE HOME PARK IS CURRENTLY RUNNING A 10.69 % CAP RATE FOR 2024!!
There is 10 additional acres available for $200,000 for future expansion to take this park from 40 sites to 77 sites. This additional 10 acres is not included in the listing price.
Location
Located on U.S. Hwy 59 Business and U.S. Hwy 77.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2014 |
| Average MH Lot Rent: | $425 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $406,894 |
| Operating Expense: | $163,890 |
| Net Operating Income: | $294,238 |
| Expense Ratio: | 40.3 % |
| Debt Info: | FINANCIALS |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
