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Erin Stevenson

Sunstone MH Consultants

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Dallas Portfolio

Mobile Home Community for Sale in Arlington, Texas

Arlington, TX 76017
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Sale Price: $17,150,000

Contact Information

Erin Stevenson
Sunstone MH Consultants
www.sunstonemhc.com

Mobile Home Park for Sale

Number of MH Lots: 298
Status: Active
Property ID: 874029
Posted on: Oct 30, 2017
Updated on: Oct 30, 2017
Price: $17,150,000

Property Description

Sunstone MH Consultants is pleased to offer for sale the Dallas Portfolio. The Dallas Portfolio consists of three properties totaling 241 MH sites and 57 RV sites. The portfolio is located in Dallas (122 sites), Irving (43 sites), and Arlington (133 sites). All properties are serviced by City W/S with different amenity packages at each location. The portfolio has a POH component of 16 total homes (5.4% of the total sites) and must be purchased with the sale of the real property. Currently, there is a CMBS loan in place that must be assumed. The terms of the loan are as follows; $9,900,000 balance, 4.60% IR, 30 yr amort., maturity date 07/01/2026, and I/O period ends 07/01/2018.

DFW has fast become the market to invest in. With apartment rents soaring, Fortune 100 companies relocating, and the population growth outpacing the New York MSA by three times, the Dallas Portfolio offers the next investor stability and appreciation. Lot rents throughout the portfolio currently average $476, and by the end of the decade (2020), lot rents in DFW are expected to exceed $600.

Location Description

***For more information please visit the link below to sign an electronic confidentiality agreement**

https://secure.rightsignature.com/templates/8100f821-bc59-4a30-9be4-bd2f8f2305b2/template-signer-link/6ac39d06d034c3900e9d6792218b0206

Park Information

Number of MH Lots:298
Total Occupancy:97.0%
Average MH Lot Rent: $476

Utility Information

Water:City
Sewer:City