Property Description:

34530 U.S. 96, Buna, TX 77612

Purchase price - $665,000

The park is generating $7,520 a month right now!!                Possible Income $11,500!!!!

Annual expenses is $15,000 or about 17% super low.

Current NOI: $6,240

Current Cap Rate: 10.6%           Possible Cap Rate:15.34%

4.18 acres mobile home park with 15 trailer spots, 3 RV spots, 4 cottages, and one 1/1 duplex.

A total of 23 units, All separate electricity meters, water, and sewer are connected to the city network,

Terms – Cash, Private or Hard Money

All 23 units have Full Hook-Ups Include Water, Sewer, Electric, Trash
Pick-Up, the tenants are responsible to pay all utilities.( more cash flow to you)

AWESOME ON-SITE MANAGER! WILLING TO STAY ON TO MANAGE THIS PROPERTY FOR YOU! SHE RUNS THE PARK LIKE SHE OWNS IT!

Value Add opportunity: filling out the empty units that will increase to income to be around $11,500.


LINK TO PHOTOS: drive.google.com/drive/folders/1kKlqT7HU77KlFPY4L-7wwv8oF7ULBCJE?usp=sharing