000 Culver Rd
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000 Culver Rd
40 Unit Mobile Home Park $2,500,000 ($62,500/Unit) 11.76% Cap Rate Victoria, TX 77905
Investment Highlights
- Well Established Mobile Home Park.
- All lots fenced with a storage building.
- 10.69% CAP RATE for year 2024
- 40 sites on 10 acres of land.
Executive Summary
Here is your chance to own a very well established Mobile Home Park in Victoria, TX. The Halepaska Mobile Home Park consists of 40 sites on 10 acres of land that is located outside of Victoria City Limits but in the ETJ. This park has a proven track record of being a premier money-making park. Park has a 100% occupancy with a waiting list!! Seller also has 12 owner financed mobile homes that will convey to the buyer. This park consists of a TCEQ approved Licensed Water and Sewer system. All lots are fenced with a storage building. You will be able to see the pride of ownership and how well this park has been managed over the years.
Currently for year 2024 park is running a 10.69 CAP Rate!! OWNERS ARE WILLING TO ENTERTAIN PARTIAL FINANCING !!!
There is 10 additional acres available for $200,000 for future expansion to take this park from 40 sites to 77 sites. This additional 10 acres is not included in the listing price.
Currently for year 2024 park is running a 10.69 CAP Rate!! OWNERS ARE WILLING TO ENTERTAIN PARTIAL FINANCING !!!
There is 10 additional acres available for $200,000 for future expansion to take this park from 40 sites to 77 sites. This additional 10 acres is not included in the listing price.
Property Facts
| Price | $2,500,000 | Apartment Style | Single Family Home |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.00 AC |
| Cap Rate | 11.76% | Building Size | 40,000 SF |
| No. Units | 40 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $2,500,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| Cap Rate | 11.76% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 40,000 SF |
| No. Stories | 1 |
| Year Built | 2014 |
Site Amenities
- 24 Hour Access
- Fenced Lot
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 40 | - | - |
PROPERTY TAXES
| Parcel Number | 00870-000-31705 | Improvements Assessment | $321,810 |
| Land Assessment | $60,270 | Total Assessment | $382,080 |
PROPERTY TAXES
Parcel Number
00870-000-31705
Land Assessment
$60,270
Improvements Assessment
$321,810
Total Assessment
$382,080
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Melvin Chaloupka -
Tami Brown -
RE/MAX Land and Homes
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000 Culver Rd
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