Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.0% (Pro Forma)
- Listing ID: 992541
- Posted On: Sep 24, 2018
- Updated On: Feb 6, 2020
Description
Misty Lane Mobile Home Park is a wonderful opportunity to purchase a low maintenance but excellent income producing property.
They own 15 of the 17 homes on the Property, and lease the land for 2 spaces. There is an opportunity to add an additional 3-4 homes to the land.
Home sizes include: 1- 18x76; 20 14x70; 1- 28x60; 11-16x80. All homes are 3 bed, 2 bath.
The property is on the southwest side of Texarkana, conveniently located close to three major highways. It includes 17 spaces with room to add 2-3 more.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2003 |
| Average MH Lot Rent: | $600 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $111 |
| Operating Expense: | $27 |
| Net Operating Income: | $84 |
| Expense Ratio: | 24.3 % |
Lot Information
| Singlewide Lots: | 17 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $600 |