55 Centex Sportsman Club Rd - Manufactured Housing/Mobile Housing FOR SALE


Belton, TX 76513
$715,000 USD
254-233-7433
55 Centex Sportsman Club Rd, Belton, TX for Sale
$715,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/27
null | 8% Cap Rate

55 Centex Sportsman Club Rd
Belton, TX 76513


HIGHLIGHTS

  • Very quiet park 1/4 mile from Belton Lake. 1/2 Mile from Temple Lake Park.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$4 USD /SF

# OF UNITS

14

PRICE/UNIT

$51,071

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rocky Oaks MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.48 AC

LAND SF

195,149 SF

ZONING

Mobile Home Park

APN/PARCEL ID

398447

ASK ABOUT THIS PROPERTY

Michael MahlerNative Real EstateMore Info
254-233-7433

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Michael MahlerNative Real EstateMore Info
254-233-7433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.