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Address is 6145 County Road 401 Floresville, TX 78114

Rich Ferradino

San Antonio Acres

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County Living MHP

Mobile Home Community for Sale in Floresville, Texas

6145 County Road 401
Floresville, TX 78114

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Mobile Home Park for Sale

Number of MH Lots: 10
Size: 3.4 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Sold
Property ID: 877787
Posted on: Nov 11, 2017
Updated on: Apr 05, 2018

Property Description

Located in the San Antonio Metro city of Floresville, a small mobile home community of 9 Park Owned Homes and 1 Tenant Owned Home opportunity exists. Operated with city water and septic tanks, the ability to bill back water and trash exists to minimize expenses. Lot rent is $350/mo and POH $850/mo.

Even though it's in the country this park has easy to fill vacancies, and the potential for owner financing.

Not all rents not at market due to long-time tenants. Will provide additional documents upon request.

Location Description

Between Floresville and Stockdale off of CR 401.

Park Information

Number of MH Lots:10
Total Occupancy:90.0%
Average MH Lot Rent: $850
Size:3.4 acre(s)

Financial Information (Pro Forma)

Gross Income$86,700
Operating Expense$30,000
Net Operating Income$56
Expense Ratio 34.6%
Debt Info

Lot Information

Doublewide Lots:10

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:9
Average Rent for Park-owned Homes: $850