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Mobile Home Park

Oak Creek & Cedar Knob

5198 Chaparral Rd, Killeen, TX 76542

Listing Price: $6,620,000

Cap Rate
5.00%
Number of Spaces
100
Lot Size
26.14 acres
Occupancy
94.0%
Price/Space
$66,200
Spaces/Acre
3.83
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Oak Creek and Cedar Knob Mobile Home Community located in Texas. The communities contain a total of 100 sites and are located next to one another. Out of the 100 total sites, only 17 are park owned homes. The communities are serviced by public water and private sewer (septic) . With an occupancy of 94 percent and an average rent of approximately $429, a new operator can implement an aggressive sales program to f ill the vacant sites while benefiting from a stabilized yield profile.

Investment Highlights

  • Two Manufactured Housing Communities (Operated as One) Located in Killeen, Texas
  • Serviced by Public Water and Private Sewer (Septic)
  • The Communities Have A Global Occupancy of 94 Percent

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Mobile Home Park

Oak Creek & Cedar Knob

Listing Price: $6,620,000

Cap Rate
5.00%
Number of Spaces
100
Lot Size
26.14 acres
Occupancy
94.0%
Price/Space
$66,200
Spaces/Acre
3.83
Year Built
1980

Investment Highlights

  • Two Manufactured Housing Communities (Operated as One) Located in Killeen, Texas
  • Serviced by Public Water and Private Sewer (Septic)
  • The Communities Have A Global Occupancy of 94 Percent

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Oak Creek and Cedar Knob Mobile Home Community located in Texas. The communities contain a total of 100 sites and are located next to one another. Out of the 100 total sites, only 17 are park owned homes. The communities are serviced by public water and private sewer (septic) . With an occupancy of 94 percent and an average rent of approximately $429, a new operator can implement an aggressive sales program to f ill the vacant sites while benefiting from a stabilized yield profile.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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