Contact Information

Mobile Home Park Details

  • Price: $1,878,160
  • Purchase Method: Cash, Seller Financing, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 4.0%
  • Listing ID: 6694957
  • Posted On: Aug 14, 2024
  • Updated On: Aug 14, 2024

Description

Spring Crossing Mobile Home Park, San Antonio Texas (14.88 acres) located at 7320 New Sulphur Springs Road, San Antonio, Texas 78263.

Land: 14.88 acres (Mobile Home Park located in ETJ )
o Frontage +/- 3 acres (potential RV expansion) is in the 100 flood plain
o Warehouse Building (building size +/- 12,000sf; potential leasing income)
o Land w/ Developed Lots +/- 6 acres (currently 23 MH); paved road through the park
o Undeveloped Land +/- 5 acres (potential MH Lots expansion)

23 Mobile Home Lots (tentatively 1 vacant lot)

Septic’s:
o 20 Septics for MH
o 3 Aerobic Systems for MH
o 1 Aerobic Systems for Shop

Sewer Expansion Planned (completion estimated July 2024):
o Plans include Lift station (8,000 EDUs) across the street from MHP

Location

Located at 7320 New Sulphur Springs Road, San Antonio, Texas 78263. Outside Loop 410. Close to shopping and restaurants.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 95.0 %
Year Built: 1980
Average MH Lot Rent: $400
Size: 15 acre(s)

Financial Information (Actual)

Gross Income: $106,800
Operating Expense: $44,280
Net Operating Income: $62,520
Expense Ratio: 41.5 %

Lot Information

Doublewide Lots: 23

Utility Information

Water: City
Water Paid By: Tenant - RUBs

Download Documents

Similar Mobile Home Parks for Sale