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Address is 496 W Davis Loop Vidor, TX 77662

Tracie Clay

Re/Max Platinum

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W Davis Loop Mobile Home Park

Mobile Home Park for Sale in Vidor, Texas

496 W Davis Loop
Vidor, TX 77662

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Sale Price: $695,000

Contact Information

Tracie Clay
Re/Max Platinum

Mobile Home Park for Sale

Number of MH Lots: 11
Size: 0.9 acre(s)
Cap Rate: 11.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 892973
Posted on: Jan 28, 2018
Updated on: Aug 14, 2018
Price: $695,000

Property Description

Newly renovated Mobile Home Park on 0.901 acres with 11 park owned homes, each one completely renovated and remodeled. City water and City sewer. The park includes 9 mobile homes with 2-3 bedrooms each, and 2 tiny homes, built on site with 1 bed, 1 bath, living, kitchen and W/D Hookups. The Vidor area is exploding with job oppurtunities! When one of these homes become available, it rents in one day!! West Davis Mobile Home Park is conveniently located near major highways, restaurants and shopping. This mobile home park is an investors dream! Make an appointment today. 972.816.7110 *OWNER FINANCING AVAILABLE!! Rates and Terms negotiable.

Park Information

Number of MH Lots:11
Total Occupancy:100.0%
Year Built:2016
Average MH Lot Rent: $775
Size:0.9 acre(s)

Financial Information (Actual)

Gross Income$8,635
Operating Expense$1,837
Net Operating Income$6,798
Expense Ratio 21.3%
Debt Info

Lot Information

Singlewide Lots:11

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:11
Average Rent for Park-owned Homes: $775