MOBILE HOME PARK FOR SALE

Multi-Family for Sale
Catylist Listing ID: 29999180
Property Subtypes: Mobile Home Park
Number of Units: 6 Units
Building Size (RSF): 5,376 SF
Sale Price: $225,000
Unit Price: $37,500 Per Unit
Property Use Type: Investment
Building Name: Bob White Mobile Home Park
Usable Size (USF): 5,376 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/7/2017

Overview / Comments

These six manufactured homes are all 3 bedroom 2 bath units in a small park across from Harker Heights Elementary School. Great investment property with good cash flow. (currently 100% occupied with average rents of $495.00 a month.

Owner will consider financing with $50,000 down @ 5% for 10 years. Gross income 2014=$42,380; 2105= $35,923; 2016 = $36,354

Net Income 2016 = $21,937.00 Net Income thru 8/31/17 = $14,925.87

Additional Details

Nearest MSA: Killeen-Temple
County: Bell
Taxing Authority: Bell Cad
Community Amenities: Play Ground
Property Located Between: South Ann Blvd and Harley Drive
Highway Access: Hwy 190 to the north and Central Texas Expressway to the south.
Airports: Greater Killeen Area
Site Description: Small mobile home park with six fully leased mobile homes that convey.
Area Description: Good area next to Harker Heights Elementary school
Total Number of Buildings: 6
Property Condition: Good
Number of Stories: 1
Year Built: 2004
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: Aluminum siding
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Parking Description: Individual parking for each unit.
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: 3 bedroom and 2 baths in each unit.
Zoning Description: MH
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: Lot 2, Block 6, Meadow Acres, Harker Heights, TX

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,982 62,135 123,371
Median Age: 31.61 30.18 29.24
Households: 3,272 23,347 45,729
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