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Mobile Home Park

Paisano Mobile Home & RV Park

5540 TX-359, Alice, TX 78332

Listing Price: $1,750,000

Cap Rate
9.59%
Number of Spaces
75
Lot Size
14.10 acres
Occupancy
91.0%
Price/Space
$23,333
Spaces/Acre
5.32
Year Built
1965

Investment Overview

Paisano Mobile Home and RV Park is a 75-site community located in Alice, TX. The community consists of 29 park owned homes, 14 mobile home lot rents, three RV lot rents, and 29 vacant lots. Paisano is situated on just over 14 acres and has paved roads throughout. Most residents are responsible for their own electricity and the community pays for water, sewer, and trash. The community operates on well water and individual septic systems. Alice is located about 45 minutes from Corpus Christi. The residents of Alice have access to the many attractions within Corpus Christi including the Texas State Aquarium, USS Lexington Aircraft Carrier Museum, Whataburger Field and Padre Island National Seashore. There are colleges and universities located nearby the city of Alice including Texas A&M University Corpus Christi, Del Mar College, and Coastal Bend College. The major employers nearby include Forbes Energy Services, FESCO, C.C. Forbes, and Brush County Claims. Paisano Mobile Home and RV Park is located off Highway 359 which leads into State Highway 44, a direct route to Corpus Christi. The community is less than 40 minutes from the Corpus Christi International Airport and there is a Walmart Supercenter and many local schools less than 15 minutes away. The current manager and maintenance person would be open to staying on board for new ownership. Paisano is being offered at a day one cap rate of 9.59 percent and a pro forma cap rate of 10.16 percent.

Investment Highlights

  • Offered at 9.59% Day One Cap Rate
  • Located Less Than 40 Minutes from the Corpus Christi International Airport
  • Opportunity to Infill Vacant Lots
  • Paved Roads Throughout
  • Operates on Well Water and Septic Sewer

Exclusively Listed By

Mobile Home Park

Paisano Mobile Home & RV Park

Listing Price: $1,750,000

Cap Rate
9.59%
Number of Spaces
75
Lot Size
14.10 acres
Occupancy
91.0%
Price/Space
$23,333
Spaces/Acre
5.32
Year Built
1965

Investment Highlights

  • Offered at 9.59% Day One Cap Rate
  • Located Less Than 40 Minutes from the Corpus Christi International Airport
  • Opportunity to Infill Vacant Lots
  • Paved Roads Throughout
  • Operates on Well Water and Septic Sewer

Investment Overview

Paisano Mobile Home and RV Park is a 75-site community located in Alice, TX. The community consists of 29 park owned homes, 14 mobile home lot rents, three RV lot rents, and 29 vacant lots. Paisano is situated on just over 14 acres and has paved roads throughout. Most residents are responsible for their own electricity and the community pays for water, sewer, and trash. The community operates on well water and individual septic systems. Alice is located about 45 minutes from Corpus Christi. The residents of Alice have access to the many attractions within Corpus Christi including the Texas State Aquarium, USS Lexington Aircraft Carrier Museum, Whataburger Field and Padre Island National Seashore. There are colleges and universities located nearby the city of Alice including Texas A&M University Corpus Christi, Del Mar College, and Coastal Bend College. The major employers nearby include Forbes Energy Services, FESCO, C.C. Forbes, and Brush County Claims. Paisano Mobile Home and RV Park is located off Highway 359 which leads into State Highway 44, a direct route to Corpus Christi. The community is less than 40 minutes from the Corpus Christi International Airport and there is a Walmart Supercenter and many local schools less than 15 minutes away. The current manager and maintenance person would be open to staying on board for new ownership. Paisano is being offered at a day one cap rate of 9.59 percent and a pro forma cap rate of 10.16 percent.

Exclusively Listed By

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