Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Cap Rate: 8.4%
  • Property ID: 899999
  • Posted on Feb 21, 2018

Property 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

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Park Information

Community Type: All Age
Number of MH Lots: 48
Total Occupancy: 82.0 %
Average MH Lot Rent: $260
Size: 8.5 acre(s)

Financial Information (Actual)

Gross Income $167,902
Operating Expense $75,694
Net Operating Income $92,207
Expense Ratio 45.1 %
Debt Info

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

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