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Mobile Home Park

Baytown Mobile Home Park

2010 N Alexander Dr, Baytown, TX 77520

Listing Price: $1,400,000

Cap Rate
5.41%
Number of Spaces
16
Lot Size
2.26 acres
Occupancy
93.1%
Price/Space
$87,500
Spaces/Acre
7.08
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present Goings Mobile Home Park a 16-space mobile home park in Baytown, TX. The Park is being offered at a 5.47 percent capitalization rate with an estimated net operating income of $61,530. New buyer will acquire a stabilized, high-quality asset. There are currently 16 park owned homes, two of which are double-wides, and only one is not currently rented. The park provides water to a single family home behind and is reimbursed $40 per month. The POH Portfolio list along with all due diligence items are available upon request.

Investment Highlights

  • High Occupancy (93%)
  • All Homes are Park Owned
  • Significant CapEx done in last 12 months
  • Concrete roads and pads
  • Paved 2-Car Off Street Parking

Exclusively Listed By

Mobile Home Park

Baytown Mobile Home Park

Listing Price: $1,400,000

Cap Rate
5.41%
Number of Spaces
16
Lot Size
2.26 acres
Occupancy
93.1%
Price/Space
$87,500
Spaces/Acre
7.08
Year Built
2004

Investment Highlights

  • High Occupancy (93%)
  • All Homes are Park Owned
  • Significant CapEx done in last 12 months
  • Concrete roads and pads
  • Paved 2-Car Off Street Parking

Investment Overview

Marcus & Millichap is pleased to present Goings Mobile Home Park a 16-space mobile home park in Baytown, TX. The Park is being offered at a 5.47 percent capitalization rate with an estimated net operating income of $61,530. New buyer will acquire a stabilized, high-quality asset. There are currently 16 park owned homes, two of which are double-wides, and only one is not currently rented. The park provides water to a single family home behind and is reimbursed $40 per month. The POH Portfolio list along with all due diligence items are available upon request.

Exclusively Listed By

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