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14085 Interstate 35 S 22 Unit Mobile Home Park $1,980,000 ($90,000/Unit) Von Ormy, TX 78073
Executive Summary
Operating Expenses & Taxes
Property tax (land): approximately $9,000/year
Mobile home taxes: $4,000–$5,000/year
Park insurance coverage ($2M–$3M): approx. $3,000/year
Mobile home insurance: approx. $6,000/year
Electric bill (security lights & meters): approx. $110/month
Current & Potential Rental Income
Lot 14: A new tenant is moving in the first week of September, paying $1,050/month
Front Double-Wide with Garage: Potential rental income of $1,300–$1,500/month. This unit also includes a 1,500 sq. ft. bodega (2 bed / 1 bath with outdoor kitchen) currently used for storage, which also has rental potential.
Lot 2: Currently vacant, but has its own electric meter and can accommodate a new mobile home unit.
Recent Upgrades & Improvements
The entire park has been converted from gas to electric.
Approximately 95% of the plumbing has been upgraded to PEX piping.
Rent Roll
Monthly: $16,185
Annually: $194,220
Please review the attached certificates along with the above details at your convenience. I am confident that this property offers both strong current income and significant upside potential.
Property tax (land): approximately $9,000/year
Mobile home taxes: $4,000–$5,000/year
Park insurance coverage ($2M–$3M): approx. $3,000/year
Mobile home insurance: approx. $6,000/year
Electric bill (security lights & meters): approx. $110/month
Current & Potential Rental Income
Lot 14: A new tenant is moving in the first week of September, paying $1,050/month
Front Double-Wide with Garage: Potential rental income of $1,300–$1,500/month. This unit also includes a 1,500 sq. ft. bodega (2 bed / 1 bath with outdoor kitchen) currently used for storage, which also has rental potential.
Lot 2: Currently vacant, but has its own electric meter and can accommodate a new mobile home unit.
Recent Upgrades & Improvements
The entire park has been converted from gas to electric.
Approximately 95% of the plumbing has been upgraded to PEX piping.
Rent Roll
Monthly: $16,185
Annually: $194,220
Please review the attached certificates along with the above details at your convenience. I am confident that this property offers both strong current income and significant upside potential.
Property Facts
| Price | $1,980,000 | Building Class | C |
| Price Per Unit | $90,000 | Lot Size | 6.23 AC |
| Sale Type | Investment | Building Size | 23,733 SF |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $1,980,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 6.23 AC |
| Building Size | 23,733 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
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Property Taxes
| Parcel Number | 04231-300-0041 | Improvements Assessment | $106,480 |
| Land Assessment | $353,520 | Total Assessment | $460,000 |
Property Taxes
Parcel Number
04231-300-0041
Land Assessment
$353,520
Improvements Assessment
$106,480
Total Assessment
$460,000
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14085 Interstate 35 S
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