Property details

Houston Mobile Home Parks For Sale, Southwest Region

Property Description

Houston Mobile Home Parks For Sale

Two Houston MSA mobile home parks.

One owner - being sold as a 2-park portfolio only.

The parks are well occupied (98%) and have the potential for rent growth due to being located in the Houston MSA.

Both parks combined are relatively close to each other and have a total of 87 lots combined.

There are park owned homes in the one of the parks, however they are financed at 5% and being leased to own at an attractive rate.

Price per site: $66,092
Price per occupied site: $67,647
Year 1 Cap Rate: 6.70%
Year 2 Cap Rate: 6.95



Mobile Home Parks For Sale



RV Parks For Sale


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Highlights

Status:
Available
Price:
$5,750,000
Cap Rate:
6.70%
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
87
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.