Mobile Home Park

Clear Creek Mobile Home Park

7500 S Clear Creek Rd, Killeen, TX 76549

Listing Price: $900,000

Cap Rate
9.11%
Number of Spaces
24
Lot Size
4.71 acres
Occupancy
100.0%
Price/Space
$37,500
Spaces/Acre
5.10
Year Built
1970

Investment Overview

Clear Creek Mobile Home Park is a 24-site mobile home park located at 7500 South Clear Creek Road in Killeen, Texas. The park consists of 12 park-owned purchase units, 8 park-owned homes, 3 lot rents, and 1 office. The park is situated on 5 acres with gravel and asphalt roads. Tenants pay for their own electricity and the park pays for the water, sewer, and trash. The park operates on city water and septic sewer. The city of Killeen, Texas has experienced a 20.37 percent growth of population since 2010 according to worldpopulationreview.com. Killeen offers many local attractions which include the 1st Calvary Museum, access to Stillhouse Hollow Lake and Belton Lake for fishing, boating and water sports, and Mayborn Science Theater. Killeen is also home to Fort Hood, “the largest active duty base of the U.S. Armed Forces,” according businessintexas.com. Some of the major employers in the area include the Fort Hood Military Base, Killeen Independent School District, Advent Health Central Texas Hospital, and Central Texas College. The asset is just four miles away from the major highways US Highway 190 and Interstate 14. The park is less than 10 minutes away from the major hospital Advent Health Central Texas and the Killeen-Fort Hood Regional Airport. Clear Creek Mobile Home Park is being offered at a day one capitalization rate of 9.11 percent and pro forma capitalization rate of 10.37 percent.

Investment Highlights

  • Offered at 9.11% Cap Rate Day One
  • Operates on City Water and Septic Sewer System
  • 100% Occupancy Rate
  • Directly Across from Fort Hood Regional Airport

Exclusively Listed By

Mobile Home Park

Clear Creek Mobile Home Park

Listing Price: $900,000

Cap Rate
9.11%
Number of Spaces
24
Lot Size
4.71 acres
Occupancy
100.0%
Price/Space
$37,500
Spaces/Acre
5.10
Year Built
1970

Investment Highlights

  • Offered at 9.11% Cap Rate Day One
  • Operates on City Water and Septic Sewer System
  • 100% Occupancy Rate
  • Directly Across from Fort Hood Regional Airport

Investment Overview

Clear Creek Mobile Home Park is a 24-site mobile home park located at 7500 South Clear Creek Road in Killeen, Texas. The park consists of 12 park-owned purchase units, 8 park-owned homes, 3 lot rents, and 1 office. The park is situated on 5 acres with gravel and asphalt roads. Tenants pay for their own electricity and the park pays for the water, sewer, and trash. The park operates on city water and septic sewer. The city of Killeen, Texas has experienced a 20.37 percent growth of population since 2010 according to worldpopulationreview.com. Killeen offers many local attractions which include the 1st Calvary Museum, access to Stillhouse Hollow Lake and Belton Lake for fishing, boating and water sports, and Mayborn Science Theater. Killeen is also home to Fort Hood, “the largest active duty base of the U.S. Armed Forces,” according businessintexas.com. Some of the major employers in the area include the Fort Hood Military Base, Killeen Independent School District, Advent Health Central Texas Hospital, and Central Texas College. The asset is just four miles away from the major highways US Highway 190 and Interstate 14. The park is less than 10 minutes away from the major hospital Advent Health Central Texas and the Killeen-Fort Hood Regional Airport. Clear Creek Mobile Home Park is being offered at a day one capitalization rate of 9.11 percent and pro forma capitalization rate of 10.37 percent.

Exclusively Listed By

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