Investment Overview

Marcus & Millichap is pleased to present Paris Mobile Home Park, a 67 space mobile home community located in Paris, Texas. The property sits directly adjacent to the Campbell’s Soup factory, the largest employer in the area, and is just half a mile from Paris Medical Center. The property is being offered at an 8.48 percent capitalization rate, with an estimated net operating income of $118,680. The park is comprised of 38 tenant owned homes, 26 vacant pads, two park owned homes, and one rent to own home. As of January 1st, lot rent is set at $400. There is a significant value-add opportunity to install submeters and bill back for water, which currently represents the majority of the utility expenses. Additionally, with current occupancy at 61 percent, there is a strong opportunity to increase revenue by infilling the vacant pads with new homes or RVs. Paris Mobile Home Park operates with city water and sewer. Water, sewer, and trash services are included in rent, while electricity is directly billed to tenants. The property is currently managed by an on-site tenant. Please do not visit the property without prior approval. All tours must be arranged through Marcus & Millichap representatives.