Huntsville TX Mobile Home Park

[Mark Davis]

TYPE OF DEAL: This is a Mobile Home Park in Huntsville TX 

IS there owner financing: Cash is preferred, Will consider terms. 

Open to JV: Open for discussion

Location: Huntsville, TX Type of Home: Mobile Home Park 22Lots 

Tenant Owned = 13

Park Owned - Rented = 1

Park Owned – Vacant = 3 

Vacant Lots – No House = 5

Total = 22 

Rehab: No Rehab Estimated at this time 

PICTURE LINK:  

Current CAP Rate is :9.22%

Asking Price: $1,000,000 

EMD: $20k

Inspection/DD/Option Period: Still in the works looking at 14-30 days 

Access: By Appointment (Number will be provided) 

CLOSING DATE: Still in the works (once DD is set this will be set) 

Any ADDITIONAL INFO: 

Sales Price = $1,000,000

Current Income from Rents and House Payments = $10,980Current 

Expenses at 30% = -$3 294Monthly 

NOI is = $7,686Annual NOI is = $92,232 

Current CAP = 9.22%