Log In/Sign Up
Your email has been sent.
Rocky Oaks MHP 55 Centex Sportsman Club Rd 14 Unit Mobile Home Park $715,000 ($51,071/Unit) 8% Cap Rate Belton, TX 76513
INVESTMENT HIGHLIGHTS
- Very quiet park 1/4 mile from Belton Lake. 1/2 Mile from Temple Lake Park.
EXECUTIVE SUMMARY
Rocky Oaks Mobile Home Park has been a great mom and pop business for many years. Extremely well positioned, being only 1/4 mile from Temple Lake Park on Belton Lake with two sides road frontage on FM 2305 and Centex Sportsman Club Road. The park itself rests on a 4.331 acre tract with another .147 acre tract along the road frontage. This peaceful park has 18 lots permitted by the City of Temple, 14 of which are occupied to include the seller's home. 9 of these are receiving lot rent and 4 are owned by the park and leased. Sellers currently reside in a mobile home that has been expanded and beautifully renovated through the years to approximately 2,200 sft that when added on the rent roll should pro forma to an 8+% cap rate. There are 12 septic tanks on the property and two water meters. Owners have installed individual water meters for each tenant. A 40' shipping container will convey with the sale. Many long-term tenants with several staying for over 20 years. Great landing for a 1031 exchange. Belton ISD.
PROPERTY FACTS Under Contract
| Price | $715,000 | Building Class | C |
| Price Per Unit | $51,071 | Lot Size | 4.48 AC |
| Sale Type | Investment | Building Size | 188,658 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | Mobile Home Park | ||
| Price | $715,000 |
| Price Per Unit | $51,071 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.48 AC |
| Building Size | 188,658 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Zoning | Mobile Home Park |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 398447 | Improvements Assessment | $0 |
| Land Assessment | $7,200 | Total Assessment | $7,200 |
PROPERTY TAXES
Parcel Number
398447
Land Assessment
$7,200
Improvements Assessment
$0
Total Assessment
$7,200
1 of 28
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Rocky Oaks MHP | 55 Centex Sportsman Club Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.