Heritage Park, located in El Paso, Texas, is a unique opportunity to acquire a 212 site Manufactured Home Community and RV Park. Residents are able to benefit from multiple on-site amenities such as a swimming pool, playground, basketball courts, barbecue grills, and a clubhouse.
The community is all-aged and is approximately 84.2 percent occupied. However, the seller has been aggressively filling the vacant homes and has targeted a 90 percent occupancy factor by the time a new owner
takes over. Heritage Park has public water, sewer and electric which is all sub-metered to the tenants and has a current lot rent of $325.00 per month.
Heritage Park has a unique set-up in terms of units and sites. The current owner has brought in 26 Modular Duplex units that have been achieving $550-$650 per month. Currently 49 of the 56 sides are occupied. They also have another 19 Rentals, 21 FEMA Homes and 12 RV Sites occupied. The Rental Homes are producing $5,125/month.
Heritage Park is located within a close proximity of The Franklin Mountains, attractions like zoos and museums, as well as the usual dining and shopping locations making it the perfect area for individuals of all ages.
