Mobile Home and RV Park in Rio Grande Valley

Manufactured Home Community for Sale in Weslaco, Texas

2300 E. Bus Hwy 83
Weslaco, TX 78596

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This Mobile Home Park is Off Market

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Mobile Home Park for Sale

Number of MH Lots: 389
Size: 28 acre(s)
Cap Rate: 7.0%
Purchase Method: Cash, New Loan
Status: Off Market
Property ID: 891663
Posted on: Jan 04, 2018
Updated on: Jul 17, 2018

Property Description

This is a clean, well-maintained RV and mobile home park containing 112 mobile spaces, 88 RV spaces, and 189 park model spaces, with multiple rental units conveying with the sale. There is an extremely nice rec hall with kitchen and stage, a hobby building, a billiards hall, nice laundry facilities, 24 shuffleboard courts, showers and restrooms, outdoor pool and hot tub, free Wi-Fi, paved streets. There are planned activities to keep both winter and full-time residents engaged and happy. Optional cable hook-ups. Rental units available. For more information, and financials, please contact Gene Trafton at 210-422-2364 or Trafton.Gene@gmail.com. Park website is www.MagicValleyPark.com.

Park Information

Number of MH Lots:389
Year Built:1974
Size:28.0 acre(s)

Financial Information

Gross Income$1,047,834
Operating Expense$479,000
Net Operating Income$568,000
Expense Ratio 45.7%
Debt Info

Lot Information

Singlewide Lots:109
Doublewide Lots:3
Triplewide Lots:0
Park Model Lots:189

RV Information

Number of RV Lots:88

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:69

Amenities and Other

Laundromat: Yes
Pool: Yes
Club House: Yes