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3910 W County Road 118
Midland, TX 79706
15 lot mobile home park · Land For Sale
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2.00 AC
Investment Highlights
- Cash flowing for 20+ years
- 13.5% cap rate
- Fully occupied
Property Facts
| Property Type | Land | Proposed Use | Manufactured Homes or Mobile Home Park |
| Property Subtype | Commercial | Total Lot Size | 2.00 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 2.00 AC |
Description
13.5% cap rate! This property is a 15 lot mobile home park with 6 RV hook ups. Fourteen lots and 3 RV spaces are occupied. This park cash flows $57,900 per year with 18% total annual expenses. Don't miss out on this one!
Property Taxes
| Parcel Number | R000004-969 | Improvements Assessment | $430 |
| Land Assessment | $60,000 | Total Assessment | $60,430 |
Property Taxes
Parcel Number
R000004-969
Land Assessment
$60,000
Improvements Assessment
$430
Total Assessment
$60,430
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