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Mobile Home Park

Adkins & Vaughans Mobile Home Park

3210 Iowa Park Rd, Wichita Falls, TX 76306

Listing Price: $799,000

Cap Rate
5.43%
Number of Spaces
97
Lot Size
7.08 acres
Occupancy
24.0%
Price/Space
$8,237
Spaces/Acre
13.70
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to present Adkins & Vaughans Mobile Home Park, a 97 site Mobile Home Park with each site at approximately 40 by 60 feet. Twenty nine of the mobile homes are parked owned homes. This property is a strong value add opportunity with a lot of upside for new owner. The park is being offered at $8,237 per space. Management lives on-site in brick home and will be staying with the sale. The new buyer will see upside by putting in capital expenditures. Seller has a friend that will move twelve mobile home trailers with tenants into the park. See capital expenditures estimate on following page. Property is being SOLD AS IS. Due Diligence items available will be limited.

Investment Highlights

  • Value Add Opportunity
  • Low Price Per Space
  • Seller Finance Available
  • Long Term Tenants
  • Low Rents

Exclusively Listed By

Mobile Home Park

Adkins & Vaughans Mobile Home Park

Listing Price: $799,000

Cap Rate
5.43%
Number of Spaces
97
Lot Size
7.08 acres
Occupancy
24.0%
Price/Space
$8,237
Spaces/Acre
13.70
Year Built
1978

Investment Highlights

  • Value Add Opportunity
  • Low Price Per Space
  • Seller Finance Available
  • Long Term Tenants
  • Low Rents

Investment Overview

Marcus & Millichap is pleased to present Adkins & Vaughans Mobile Home Park, a 97 site Mobile Home Park with each site at approximately 40 by 60 feet. Twenty nine of the mobile homes are parked owned homes. This property is a strong value add opportunity with a lot of upside for new owner. The park is being offered at $8,237 per space. Management lives on-site in brick home and will be staying with the sale. The new buyer will see upside by putting in capital expenditures. Seller has a friend that will move twelve mobile home trailers with tenants into the park. See capital expenditures estimate on following page. Property is being SOLD AS IS. Due Diligence items available will be limited.

Exclusively Listed By

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