Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.4% (Actual)
- Listing ID: 899999
- Posted On: Feb 21, 2018
- Updated On: Dec 4, 2018
Description
50 pad mobile home park in busy Texarkana, TX for sale.
Highlights include:
50 pads:
12 tenant-owned homes
31 park-owned rent-to-own homes
2 RV spots
5 vacant lots
Great visibility along highway. Strong demand for rentals.
NOI: $92,207.04
Asking: $1,100,000
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 82.0 % |
| Average MH Lot Rent: | $260 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $167,902 |
| Operating Expense: | $75,694 |
| Net Operating Income: | $92,207 |
| Expense Ratio: | 45.1 % |
RV Information
| Number of RV Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 31 |
| Average Rent for Park-owned Homes: | $400 |
