I shop MHP’s and came across this MHP that was converted to an RV park. I’d prefer to assign this out. Let me know if you are interested - ** Bsquaredcapitalpartners@gmail.com **
State: TX
Area: Galveston
Asset: MHP converted to RV park
Details:
- 150lots — concrete foundation on all lots
- 100% Occupied
- Monthly rents ONLY @ $600-700 / lot and most tenants are long term residents.
- Water and sewer are city
- Utilities included in the rent, but all lots are sub-metered for upside increases
- Fetching a 10cap on NOI of lot rent - $5.4M