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120 Liberty Ln
Mount Vernon, TX 75457
Purley Mobile Home Park · Multifamily Property For Sale
·
30,000 SF
Investment Highlights
- 33-site all-ages mobile home community on 19.5 acres in Mt. Vernon, TX — outside city limits, no flood zone
- Centrally anchored between Mt. Pleasant, Sulphur Springs, and Winnsboro — positioned along the I-30/US-67 corridor with Dallas 105 miles west
- On-site staff in place — water individually metered and passed through to tenants, electricity direct-billed
Executive Summary
JTACR Real Estate Group is pleased to present Purley Mobile Home Community: a 33-site long term community in Mt. Vernon, TX. The site is outside of city limits, includes an expansive 19 acres, and supports the local community by providing a well cared for affordable housing solution for the residents.
Current ownership has built and improved on this community over the course of their ownership. The management has consistently been adding improvements to the homes as well as the infrastructure of the community, with large CapX projects encompassing much of their operations.
The unit mix includes 16 rent to own contracts, 14 park owned homes, and 3 tenant owned homes. This opportunity presents investors with a strong, turnkey opportunity, which should immediately cash flow, while also leaving value add opportunities on the table for the future owner.
Current ownership has built and improved on this community over the course of their ownership. The management has consistently been adding improvements to the homes as well as the infrastructure of the community, with large CapX projects encompassing much of their operations.
The unit mix includes 16 rent to own contracts, 14 park owned homes, and 3 tenant owned homes. This opportunity presents investors with a strong, turnkey opportunity, which should immediately cash flow, while also leaving value add opportunities on the table for the future owner.
Property Facts
| Price Per Unit | $54,545 | Building Class | C |
| Sale Type | Investment | Lot Size | 19.50 AC |
| Cap Rate | 10.12% | Building Size | 30,000 SF |
| No. Units | 33 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1990/2007 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | Commercial - Multi-Family | ||
| Price Per Unit | $54,545 |
| Sale Type | Investment |
| Cap Rate | 10.12% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 19.50 AC |
| Building Size | 30,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2007 |
| Zoning | Commercial - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Yard
- Lawn
Site Amenities
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 33 | - | 1,200 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $442,690 | |
| Land Assessment | $137,500 | Total Assessment | $1,146,240 |
Property Taxes
Parcel Numbers
Land Assessment
$137,500
Improvements Assessment
$442,690
Total Assessment
$1,146,240
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