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

Between Floresville and Stockdale off of CR 401.

Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Property ID: 877787
  • Posted on Nov 11, 2017
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Park Information

Community Type: All Age
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