12 Space MHP plus 3-2-2 SFH in Houston, TX - $420k
Price: $420k
Description: Fully occupied established small 12 space mobile home park with room to add spaces and below market rents. 3 park owned homes and owner's SFH home on ~ 5 acres total (Note: Harris County allows 8 homes per acre). The property is outside the city limits of Houston, in the EJT district so no city permits needed, only County. Private well and septic system with new pumps still under warranty. All sites individually metered for water and electric; home owners pay electric, water is billed back monthly. Tenants mow own lots. Very little overhead on this park and room to add a few more spaces.
Annual Taxes: $3565.
Current Monthly income: $3675, Lot rent - $225, MH #1 - $650, MH#2 - $550, MH #3 - $500
Home could easily be rented for $1000. Nearby market lot rents: $255 - $295
Photos: http://flic.kr/s/aHsjRp63cX
$2k non-refundable earnest money locks this one up.
Call Belinda at 832-472-6902 or email: [email protected]