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Mobile Home Park

Three Oaks Mobile Home Community

584 Hunt St, Clyde, TX 79510

Listing Price: $1,275,000

Cap Rate
7.77%
Number of Spaces
22
Lot Size
2.72 acres
Occupancy
100.0%
Price/Space
$57,955
Spaces/Acre
8.09
Year Built
1990

Investment Overview

Three Oaks Mobile Home Community is a 22-site mobile home community located in Clyde, Texas just outside of the city of Abilene. The community operates on city water and sewer and the tenants currently pay for all the utilities. The current management wants to stay on board for the new ownership. Clyde, Texas is a town 15 miles east of Abilene. It offers it residents and visitors a nice small-town feel, great school district, and access to the many local attractions of Abilene including the Abilene Zoo, the Dyess Air Force Base, Swenson House Historical Society, many museums, as well as wineries and breweries. The major employers in the area Dyess Air Force Base, Hendrick Health System, Abilene Independent School District and Abilene State Supported Living Center. There are many new projects taking place over the next 3-5 years including a new cheese packaging plant bringing 500 new jobs and will be the largest cheese packaging plant in the nation and two large manufacturers coming to Abilene. Dyess Air Force Base has also been awarded the new bomber which will bring 50+ bombers and their crews to the Abilene area. The community is located just 4 minutes from the major highway Interstate 20 which runs through the city of Clyde. The community is less than 1 mile away from Clyde Junior High School and less than 20 minutes from the nearby Walmart and the Abilene Regional Airport. Three Oaks Mobile Home Community is being offered at a day one capitalization rate 7.77 percent and a pro forma capitalization rate of 9.20 percent.

Investment Highlights

  • Offered at Day One Cap Rate of 7.77%
  • Operates on City Water and Sewer
  • Tenants Pay All Utilities
  • Opportunity for Day One Rent Growth
  • Historically Low Vacancy

Exclusively Listed By

Mobile Home Park

Three Oaks Mobile Home Community

Listing Price: $1,275,000

Cap Rate
7.77%
Number of Spaces
22
Lot Size
2.72 acres
Occupancy
100.0%
Price/Space
$57,955
Spaces/Acre
8.09
Year Built
1990

Investment Highlights

  • Offered at Day One Cap Rate of 7.77%
  • Operates on City Water and Sewer
  • Tenants Pay All Utilities
  • Opportunity for Day One Rent Growth
  • Historically Low Vacancy

Investment Overview

Three Oaks Mobile Home Community is a 22-site mobile home community located in Clyde, Texas just outside of the city of Abilene. The community operates on city water and sewer and the tenants currently pay for all the utilities. The current management wants to stay on board for the new ownership. Clyde, Texas is a town 15 miles east of Abilene. It offers it residents and visitors a nice small-town feel, great school district, and access to the many local attractions of Abilene including the Abilene Zoo, the Dyess Air Force Base, Swenson House Historical Society, many museums, as well as wineries and breweries. The major employers in the area Dyess Air Force Base, Hendrick Health System, Abilene Independent School District and Abilene State Supported Living Center. There are many new projects taking place over the next 3-5 years including a new cheese packaging plant bringing 500 new jobs and will be the largest cheese packaging plant in the nation and two large manufacturers coming to Abilene. Dyess Air Force Base has also been awarded the new bomber which will bring 50+ bombers and their crews to the Abilene area. The community is located just 4 minutes from the major highway Interstate 20 which runs through the city of Clyde. The community is less than 1 mile away from Clyde Junior High School and less than 20 minutes from the nearby Walmart and the Abilene Regional Airport. Three Oaks Mobile Home Community is being offered at a day one capitalization rate 7.77 percent and a pro forma capitalization rate of 9.20 percent.

Exclusively Listed By

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