Mobile Home Park
Oak Creek & Cedar Knob
5198 Chaparral Rd, Killeen, TX 76542
Listing Price: $6,620,000
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.
Listing Price: $6,620,000
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.
