Mobile Home Park Details
- Cap Rate: 6.5%
- Listing ID: 6606675
- Posted On: Jul 12, 2024
- Updated On: Jan 3, 2025
Description
- Discover a lucrative investment opportunity with this all-ages, family- friendly MHP mix at 1002 & 1004 N. Stewart Rd in Mission, TX. Boasting 81 rentable lots and spaces, including a blend of mobile homes, RVs, and park models, this property offers a diverse range of income streams to maximize your ROI.
- With a majority of homes on TOH and short-term RTO agreements, the park is not responsible for maintenance, making it an ideal investment for savvy buyers looking to capitalize on a stable and high- demand market.
- Don't miss out on this cash-flowing gem in the sought-after Sharyland ISD, with expansion potential for approximately 14 additional pads. Plus, enjoy the convenience of city water and sewer, bill-back electricity, and a prime location near major retailers like Walmart and Dollar General.
Location
- Located in Hidalgo County
Park Information
| Number of MH Lots: | 81 |
| Total Occupancy: | 76.0 % |
Financial Information
| Gross Income: | $481,876 |
| Operating Expense: | $185,503 |
| Net Operating Income: | $154,463 |
| Expense Ratio: | 38.5 % |
Utility Information
| Water: | City |
| Sewer: | City |
