Mobile Home Park for Sale-133 · 2017-06-12 · This mobile home park is located at 133 Vine St,...
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This mobile home park is located at 133 Vine St, San Antonio, TX 78210 which has a total of 10 Mobile Home spots, one of them has burned down and now a total of 9 Mobile homes/RVs remain on site. All of them are rented. One RV belongs to a tenant, who pays $300.00 to park. Zoning: This land is zoned partially C1 and RM-4. City allows 10 mobile homes on this site (you may try to change the # of the mobile homes, seller giving no guarantee). Rent History: This location is essential, it is always rented 100% and if someone moves out, within 2-5 days it is rented again. All tenants are month- to-month, and mostly since a long time. Income & Expense: since mobiles homes and RVs are different sizes, rent also varies, #1 $750.00 #2 $600.00 #3 $500.00 #4 $350.00 #5 $500.00 #7 $300.00 #8 $500.00 #9 $750.00 #10 $500.00 Total income is $4750.00 per month. Expense: Landlord pays approx. electric $700.00 and water $300.00 and garbage $100.00, Tax $236.00, total expenses are $1336.00. Property Condition: Seller is offering the property as-is, where-is. The actual value of the property is in the land. Mobile homes/RVs are old, and most of them do not have VIN/Serial Numbers, so no repair will be granted. Mobile homes/RVs will be sold on bill of sale. Sale Includes: This sale price includes Land, 5 mobile homes and 3 RVs. Potential income: If old mobile homes/RVs are either replaced with new ones or remodeled with better ones with bigger size then the rent could be increased up to $750 to $850.00 Sale terms: Owner is asking $199K for this property, originally was advertised that owner finance is available for qualified buyer, terms are minimum 50% down, 10-year amortization with 3 year bln. Interest is 8.75%
Transcript of Mobile Home Park for Sale-133 · 2017-06-12 · This mobile home park is located at 133 Vine St,...
This mobile home park is located at 133 Vine St, San Antonio, TX 78210 which has a total of 10 Mobile Home spots, one of them has burned down and now a total of 9 Mobile homes/RVs remain on site. All of them are rented. One RV belongs to a tenant, who pays $300.00 to park.
Zoning: This land is zoned partially C1 and RM-4. City allows 10 mobile homes on this site (you may try to change the # of the mobile homes, seller giving no guarantee).
Rent History: This location is essential, it is always rented 100% and if someone moves out, within 2-5 days it is rented again. All tenants are month-to-month, and mostly since a long time.
Income & Expense: since mobiles homes and RVs are different sizes, rent also varies, #1 $750.00 #2 $600.00 #3 $500.00 #4 $350.00 #5 $500.00 #7 $300.00 #8 $500.00 #9 $750.00 #10 $500.00 Total income is $4750.00 per month.
Expense: Landlord pays approx. electric $700.00 and water $300.00 and garbage $100.00, Tax $236.00, total expenses are $1336.00.
Property Condition: Seller is offering the property as-is, where-is. The actual value of the property is in the land. Mobile homes/RVs are old, and most of them do not have VIN/Serial Numbers, so no repair will be granted. Mobile homes/RVs will be sold on bill of sale.
Sale Includes: This sale price includes Land, 5 mobile homes and 3 RVs.
Potential income: If old mobile homes/RVs are either replaced with new ones or remodeled with better ones with bigger size then the rent could be increased up to $750 to $850.00
Sale terms: Owner is asking $199K for this property, originally was advertised that owner finance is available for qualified buyer, terms are minimum 50% down, 10-year amortization with 3 year bln. Interest is 8.75%
Offers deadline: All offers will be presented to the owner on Friday at 5.pm. Please send your final and best offer before that. (Cash and quick sale is recommended)
Note to buyers: Please be aware that in most cases, mobile homes/RVs are considered personal property, not real property. Additionally, these 8 units are old and have no serial numbers. So, when you buy this property, you are buying land plus 5 mobile homes and 3 RVs separately on bill of sale. Seller is asking $180K for land and $19K for the units, for a total of $199K. Please email the offer on TAR Form along with a copy of the approval letter or fund availability.
Title & Closer: Closer will be Nita Hauser with Stewart Title at 8739 Bandera Rd, San Antonio, TX 78250 (If buyer likes their own Title company then buyer will pay all the closing cost)
Note: Seller is firm on the price (not much room for negotiation).
Contact us: Please send your offer to Ben Aziz [email protected] or call (210) 749-4240
