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Multi Family Housing for Sale in Flint, Texas

19823 State Highway 155 South
Flint, TX 75762

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This Mobile Home Park is Sold

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Mobile Home Park for Sale

Development Land This is land for developing a mobile home park
Number of MH Lots: 10
Size: 3.5 acre(s)
Cap Rate: 10.9%
Purchase Method: Seller Financing
Status: Sold
Property ID: 881590
Posted on: Nov 24, 2017
Updated on: Jan 15, 2018

Property Description

3.5 ac. 10 lots,8 park owned homes,3 storage buildings, 24x30 garage wired for 110/220, homes are all elect.with appliances, covered front porches.Very nice homes,low maint. 2 empty lots with utilities.10 miles south of Tyler Texas, close to Lake Palestine, hospitals,Gro. Store, Hardware Store, dining,bars,ect. Room to add more homes.

Park Information

Number of MH Lots:10
Total Occupancy:100.0%
Year Built:1985
Average MH Lot Rent: $650
Size:3.5 acre(s)

Financial Information

Gross Income$64
Operating Expense$7
Net Operating Income$57
Expense Ratio 10.9%
Debt Info00

Lot Information

Singlewide Lots:9
Doublewide Lots:1

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:8
Average Rent for Park-owned Homes: $650

Amenities and Other

Storage: Yes