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Mobile Home Park

Cactus Lane Mobile Home Park

729 Cactus Ln, San Angelo, TX 76903

Listing Price: $1,550,000

Cap Rate
11.83%
Number of Spaces
61
Lot Size
7.14 acres
Occupancy
94.0%
Price/Space
$25,410
Spaces/Acre
8.54
Year Built
1975

Investment Overview

Cactus Lane Mobile Home Park is a 71-site mobile home and RV community. It sits on just over seven acres of land and includes 29 RV spaces, 32 mobile home lot rentals and 10 storage units with asphalt roads throughout the park. The community operates on city water and septic sewer and currently only pays for trash, while the tenants pay for the electricity, water, and sewer. The lot rent portion of the offering is being offered at a $$1,550,000 price. This is a 11.50 percent capitalization rate off lot rent income (not including any mobile home rental income). The offering includes an additional 27 park-owned homes which are being offered at a price of $350,000 for a total price of $1,900,000. San Angelo, Texas offers its visitors and residents many local attractions including the Fort Concho Museum, San Angelo State Park, San Angelo Museum of Fine Arts, the OC Fisher Lake, Twin Buttes Reservoir, and Lake Nasworthy for fishing, boating and water sports. The major employers in the area include Goodfellow Air Force Base, Shannon Health System, San Angelo ISD, Angelo State University, and Community Medical Center. The asset is located less than five minutes from the major highway US Highway 87 and is less than 15 minutes from US Highway 67. The community is approximately 10 minutes from the Walmart Supercenter and Lincoln Junior High School. The O C Fisher Lake and the San Angelo Regional Airport are less than 30 minutes away the community. Cactus Lane Mobile Home Park is being offered at a day one capitalization rate of 11.83 percent and a pro forma capitalization rate of 14.42 percent.

Investment Highlights

  • Offered at Day One Cap Rate of 11.83% on Lot Rent
  • Operates on City Water and Septic Sewer
  • Located Approximately 10 Minutes from the Walmart Supercenter
  • Located Near OC Fisher Lake and San Angelo Regional Airport

Exclusively Listed By

Mobile Home Park

Cactus Lane Mobile Home Park

Listing Price: $1,550,000

Cap Rate
11.83%
Number of Spaces
61
Lot Size
7.14 acres
Occupancy
94.0%
Price/Space
$25,410
Spaces/Acre
8.54
Year Built
1975

Investment Highlights

  • Offered at Day One Cap Rate of 11.83% on Lot Rent
  • Operates on City Water and Septic Sewer
  • Located Approximately 10 Minutes from the Walmart Supercenter
  • Located Near OC Fisher Lake and San Angelo Regional Airport

Investment Overview

Cactus Lane Mobile Home Park is a 71-site mobile home and RV community. It sits on just over seven acres of land and includes 29 RV spaces, 32 mobile home lot rentals and 10 storage units with asphalt roads throughout the park. The community operates on city water and septic sewer and currently only pays for trash, while the tenants pay for the electricity, water, and sewer. The lot rent portion of the offering is being offered at a $$1,550,000 price. This is a 11.50 percent capitalization rate off lot rent income (not including any mobile home rental income). The offering includes an additional 27 park-owned homes which are being offered at a price of $350,000 for a total price of $1,900,000. San Angelo, Texas offers its visitors and residents many local attractions including the Fort Concho Museum, San Angelo State Park, San Angelo Museum of Fine Arts, the OC Fisher Lake, Twin Buttes Reservoir, and Lake Nasworthy for fishing, boating and water sports. The major employers in the area include Goodfellow Air Force Base, Shannon Health System, San Angelo ISD, Angelo State University, and Community Medical Center. The asset is located less than five minutes from the major highway US Highway 87 and is less than 15 minutes from US Highway 67. The community is approximately 10 minutes from the Walmart Supercenter and Lincoln Junior High School. The O C Fisher Lake and the San Angelo Regional Airport are less than 30 minutes away the community. Cactus Lane Mobile Home Park is being offered at a day one capitalization rate of 11.83 percent and a pro forma capitalization rate of 14.42 percent.

Exclusively Listed By

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