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
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
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%
  • 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