2102 Woodlawn Blvd, Denison, TX 75020
Woodlawn Courts Mobile Home Park is located at 2102 Woodlawn Boulevard in Denison, Texas, and sits less than three miles from the major highway - Interstate 75. The asset consists of 23 Park-Owned Homes, 1 single-wide lot rent, and operates on city water and city sewer. The tenants pay for their own electricity and a 65 dollar monthly fee that includes trash, water, and sewer. The current management company is willing to stay on board for future ownership. The city of Denison offers its residents a quiet and small-town atmosphere. The major attractions include the Waterloo Lake Regional Park, Eisenhower State Park, museums, and access to Lake Texoma, which is less than 30 minutes away and attracts many tourists every year. The city of Denison is also located near many large businesses that employ hundreds every year, including UHS of Texoma, Texoma Healthcare System and Signwarehouse Inc. Denison has also experienced a population growth of since 2010 of 17.93 percent and continues to grow every year. Within 10 miles of Woodlawn Courts Mobile Home Park there has also been a population growth of 19.6 percent since 2010. Woodlawn Courts Mobile Home Park is being offered at a day one cap rate of 7.87 percent and a pro forma cap rate of 9.28 percent. Park rents range from $450 to $650 and residents are on 12-month leases, providing stable cash flow throughout the year. Woodlawn Courts has an opportunity for new ownership to raise rents to stay competitive with other parks in the local market.
Woodlawn Courts Mobile Home Park is located at 2102 Woodlawn Boulevard in Denison, Texas, and sits less than three miles from the major highway - Interstate 75. The asset consists of 23 Park-Owned Homes, 1 single-wide lot rent, and operates on city water and city sewer. The tenants pay for their own electricity and a 65 dollar monthly fee that includes trash, water, and sewer. The current management company is willing to stay on board for future ownership. The city of Denison offers its residents a quiet and small-town atmosphere. The major attractions include the Waterloo Lake Regional Park, Eisenhower State Park, museums, and access to Lake Texoma, which is less than 30 minutes away and attracts many tourists every year. The city of Denison is also located near many large businesses that employ hundreds every year, including UHS of Texoma, Texoma Healthcare System and Signwarehouse Inc. Denison has also experienced a population growth of since 2010 of 17.93 percent and continues to grow every year. Within 10 miles of Woodlawn Courts Mobile Home Park there has also been a population growth of 19.6 percent since 2010. Woodlawn Courts Mobile Home Park is being offered at a day one cap rate of 7.87 percent and a pro forma cap rate of 9.28 percent. Park rents range from $450 to $650 and residents are on 12-month leases, providing stable cash flow throughout the year. Woodlawn Courts has an opportunity for new ownership to raise rents to stay competitive with other parks in the local market.
