Marcus & Millichap is pleased to present Bandera Pass and Snowflake Mobile Home Parks, located in Leon Valley, Texas, which is situated in the San Antonio, TX MSA. The two communities are 100 percent occupied and consist of 56 sites with public water and public sewer that is sub-metered. The current owner rents out 47 of the homes at $350-$505 over and above the $500 lot rent. Seller has elected to retain the POH inventory post closing, however he would entertain an offer. Based off of the current rent roll the communities are producing $49,125 a month in gross rent, of which $21,125 is being allocated to the park owned home payments.

Bandera Pass and Snowflake must be sold as a package and the real estate is being offered for $3,000,000 which equates to 7.97 percent cap rate, which does not include the POH Inventory.