Mobile Home Park with One House on 4.84 Acres

Multi-Family for Sale
Catylist Listing ID: 30587141
Property Subtypes: Low-Rise/Garden
Number of Units: 17 Units
Building Size (RSF): 210,830 SF
Gross Building Area: 1 SF
Gross Land Area: 4.84 Acres
Sale Price: $710,000
Unit Price: $41,764.71 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.07%
Last Updated: 9/28/2020

Overview / Comments

This is a mobile home park with 16 mobile home parking spaces, a four bedroom house and one mobile home (#7). The mobile home park only rents spaces with septic tank, so that people can park their mobile homes. They currently rent at $300.00 a month. Currently 15 spaces are occupied, at $300.00 a month, which would amount to $4,500 a month. Plus the house that should rent for $1,600 a month, and a mobile home for another $600.00, should equal a total of $6,700.00.

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Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: X57900023400125
Zoning: NONE
Percent Occupied: 95%
Total Number of Buildings: 17
Property Condition: Average
Number of Stories: 1
Year Built: 1982
Construction/Siding: Wood Frame
Total Parking Spaces: 16
Zoning Description: Mobile Home
Water Service: Well

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,388 68,358 148,169
Median Age: 27.85 27.96 30.15
Households: 1,280 18,683 43,985

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