Description
INVESTMENT OPPORTUNITY!!! Incredible 17 space MH park in the heart of the city limits of Vidor, TX. Occupancy is 100% full and ready to generate a passive income immediately. The park sits on 3 acres, has community mailbox for easy access, concrete roads, and a couple of gravel parking spaces. Each home has a nice deck added with two (2) nice parking places per home. All homes are owned by the park and are only a few years old, so maintenance is minimal. Most units rent from $950-$1050 with a lease in place. This market has a huge need for rentals which makes this investment a perfect purchase. Utilities are on city water (individually metered), individually metered electric and city sewer. Tenants pay all utilities. The last 12 months the gross income is right around 183,000 and NOI around 140,000. A rent increase has just been put in place and the next 12 months should track closer to 165K NOI. Priced at $1,700,000. Call for any other details or to view the property.
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0BEDS
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2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
INVESTMENT OPPORTUNITY!!! Incredible 17 space MH park in the heart of the city limits of Vidor, TX. Occupancy is 100% full and ready to generate a passive income immediately. The park sits on 3 acres, has community mailbox for easy access, concrete roads, and a couple of gravel parking spaces. Each home has a nice deck added with two (2) nice parking places per home. All homes are owned by the park and are only a few years old, so maintenance is minimal. Most units rent from $950-$1050 with a lease in place. This market has a huge need for rentals which makes this investment a perfect purchase. Utilities are on city water (individually metered), individually metered electric and city sewer. Tenants pay all utilities. The last 12 months the gross income is right around 183,000 and NOI around 140,000. A rent increase has just been put in place and the next 12 months should track closer to 165K NOI. Priced at $1,700,000. Call for any other details or to view the property.
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