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Mobile Home Park

Home on the Range Mobile Home Park

5320 Gulfway Dr, Port Arthur, TX 77642

Listing Price: $595,000

Cap Rate
9.52%
Number of Spaces
20
Lot Size
3.03 acres
Occupancy
90.0%
Price/Space
$29,750
Spaces/Acre
6.60
Year Built
1990

Investment Overview

Home on the Range Mobile Home Park is a 20-site mobile home park located in Port Arthur, Texas. The park consists of 18 lot rents and 2 park owned homes which are being seller financed to the residents. Home on the Range sits on just over 3 acres and is known to be a nice quiet and clean park. The residents pay for their electricity directly to the provider and are billed back for water. Each site is individually metered, and the park operates on city water and sewer. The city of Port Arthur is located just off the Texas/Louisiana border, next to Sabine Lake. Port Arthur is also home to many oil refineries including the United States’ largest oil refinery the Motiva Refinery. The city also offers access to the many attractions and employment opportunities of its neighboring cities which include Nederland, Groves, Port Neches, and Beaumont. The Beaumont-Port Arthur cities are home to the major employers including Exxon, Motiva Enterprises and Valero. With these major employers nearby there is a need for quality housing for both long term and short-term residents. Home on the Range Mobile Home Park is situated just off Texas State Highway 87 and is less than 5 minutes from Texas State Highway 73. Home on the Range Mobile Home Park is being offered at a day one capitalization rate of 9.52% and a pro forma capitalization rate of 10.37%. This asset offers an investor a great opportunity to purchase a stabilized park with the potential of growth in the future.

Investment Highlights

  • Offered at Over 9% Cap Rate Day One
  • Operates on City Water and Sewer
  • Individually Metered for Utilities
  • Located Near Major Oil Refineries

Exclusively Listed By

Mobile Home Park

Home on the Range Mobile Home Park

Listing Price: $595,000

Cap Rate
9.52%
Number of Spaces
20
Lot Size
3.03 acres
Occupancy
90.0%
Price/Space
$29,750
Spaces/Acre
6.60
Year Built
1990

Investment Highlights

  • Offered at Over 9% Cap Rate Day One
  • Operates on City Water and Sewer
  • Individually Metered for Utilities
  • Located Near Major Oil Refineries

Investment Overview

Home on the Range Mobile Home Park is a 20-site mobile home park located in Port Arthur, Texas. The park consists of 18 lot rents and 2 park owned homes which are being seller financed to the residents. Home on the Range sits on just over 3 acres and is known to be a nice quiet and clean park. The residents pay for their electricity directly to the provider and are billed back for water. Each site is individually metered, and the park operates on city water and sewer. The city of Port Arthur is located just off the Texas/Louisiana border, next to Sabine Lake. Port Arthur is also home to many oil refineries including the United States’ largest oil refinery the Motiva Refinery. The city also offers access to the many attractions and employment opportunities of its neighboring cities which include Nederland, Groves, Port Neches, and Beaumont. The Beaumont-Port Arthur cities are home to the major employers including Exxon, Motiva Enterprises and Valero. With these major employers nearby there is a need for quality housing for both long term and short-term residents. Home on the Range Mobile Home Park is situated just off Texas State Highway 87 and is less than 5 minutes from Texas State Highway 73. Home on the Range Mobile Home Park is being offered at a day one capitalization rate of 9.52% and a pro forma capitalization rate of 10.37%. This asset offers an investor a great opportunity to purchase a stabilized park with the potential of growth in the future.

Exclusively Listed By

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