| Property Description: Cedar Hills MHP #1 and #2 consists of 95 spaces on approx. 12 acres of land. Cedar Hills MHP #1 has 71 spaces and Cedar Hills MHP#2 has 24 spaces.They are located approx. 5 blocks from each other.The lot rents are $ 160.00 per month.The Cap Rate of 11% is based on Acual Incme and Expenses. The water and sewer are provided by the city of Pinehurst,Sub metered.The roads are asphalt.The park has on site management,central mailbox area,no pool or club house and anarea housing shortage.Occupancy 98%. CALL OR E-MAIL BROKER FOR FINANCIALS.and pictures.NO PARK OWNED HOMES. SORRY NO OWNER FINANCING.
These two parks are within blocks of each other,located one mile south of HWY I-10 East, off of Martin Luther king Blvd.Take a left on Pheasant Ave;the park is on the right. Bordered on the south by the Gulf of Mexico and on the east ,by the Texas Louisiana border,the Golden Triangle region contains more than 2,200 square miles.Population and business activity is centered in Beaumont, Port Aurhur, Orange, the major cities of the golden triangle.
PRICE REDUCTION Very good on site management and maintenance
AREA hOUSING SHORTAGE Call Randy Russell for detailed financials
Financial Summary Year: 2008
Scheduled Gross Income: $242,606
Effective Gross Income: $242,606
Operating Expenses: $113,528
Net Operating Income: $129,078
Cap Rate: 11.00%
Location Description: Please do not contact any residents in the park. Multi Billion Dallar Expantions Near By
|
)
Featured Listings RSS Feed | 
