PLEASE READ ALL ASPECTS OF THIS LISTING BEFORE RESPONDING! VERY IMPORTANT!

PLEASE DO NOT DISTURB TENANTS. Ok to drive through but do not identify that you are a prospective buyer please!

BUYER PURCHASED WITH QUIT CLAIM DEED FROM FAMILY WHO OWNED PARK FOR OVER 50 YEARS. NO WARRANTY DEED. SELLER HAS OWNED PARK FOR OVER 10 YEARS. NO LIENS OR ISSUES. Survey available. Seller will personally guarantee with strong separate contract if necessary.

South Texas MH/RV/ Park with city water and sewer. All individually metered for electric (we read meters on last day of month and bill tenants).

This is a rough around the edges C- Park with excellent cash flow. Needs TLC.

Aprox 2 acres with 2 bdrm/1full ba home with separate (attached) office(w/half bath) or retail area with patio and newer 3 car garage. Ample workshop/barn like area. May be possible to convert both garage and barn to 3 studio apartments for additional income. Utilities close.

Absentee owner lives in Mexico. OWNER SELLING TO START CONDO PROJECT IN PLAYA DEL CARMEN AREA. No financing in Mexico, hence seller needs minimal half cash down w/ 3-5 year SELLER FINANCING possible on balance or full cash (with discount). PREFERABLE .

On main highway and next door to 2 landmark Mexican restaurants on either side just outside McAllen Texas, in Edinburg. Please Google area as one of the fastest growing in America. Also Google Earth to see areas for possible added spaces.

Excellent management may or may not stay on board. Manager does not live on premises.

Recently added new sign, new 6" drain lines and electrical updates from old to new digital meters that solved a major concern. Some road work and fill in of low areas also done in last 120 days. Much painting and fence work in progress as well.

Also possibility of ADDING 8-10+ MORE SPACES (TOTAL 50+) Perfect opportunity to pull in your own units and rent to own to new tenants for top value income. Plenty of parking.

Currently have aprox 32 spaces rented. Small casitas owned by tenants and recently scheduled to be moved out to clear to allow 2 spaces where now only one rental income. All tenants month to month. BANK FINANCING EXTREMELY DIFFICULT WITH QUIT CLAIM DEED, lack of individual tenant leases, and not all units on concrete pads. Only one park owned unit currently.

MONTHLY EXPENSES: Water/sewer/trash $1250, electric $100, Taxes $985 (but we are challenging as old system included casitas and units park did not own!) This should drastically reduce this expense.

Management expense recently raised to $1400.

Liability insurance in place, aprox $1000 yearly.

Talented hard working Maintenance person lives in 2 bedroom house in trade for occasional tasks. He is a expert at bringing in and hooking up units.

Also have small upstairs (above old barn) apartment rented for $275 plus electric. This area could be demoed to add more spaces. Currently 8 spaces pay $275, rest $250. All new tenants pay $275.

Occupied by local long term year round families. No winter Texans. All tenants pay by money order, no cash, cards, checks, accepted. If over 5 days late a $25 charge is added and 90% avoid by paying timely! Needs paint, some very minor road work, landscaping, minor carpentry. A diamond in the rough. Creative use could increase income substantially!

NOTE: Smaller park next door recently upgraded and added significantly more meters and spaces.

NOTE: If 50 spaces x $250=$12,500
Fixed expenses (see above) $1400 manager. 0 if owner runs.
$1250 water/trash/sewer. Taxes now $985 mo. Can be lowered.
DUE DILIGENCE WILL SHOW ALL NUMBERS SOLID. No one wants to waste anyone’s time here. All rents ( money orders) deposited in Bank of America account with 3-4 expenses checks written monthly from same account.

If more information required contact seller, retired attorney.

If broker has preapproved buyer, owner may allow 3% commission for that buyer only. No exclusive listing requests please. Thank you.