10601 N 10th St
Property Description
The BBB Mobile Park in McAllen Texas is being offered For Sale by Sperry Commercial - The Arriaga Group. The Mobile Park consisting of 264 total spaces has 106 spaces for Recreational Vehicles (RV) & 280 spaces for Mobile Homes (13 of the 280 spaces are for Double Wide Trailers). McAllen is on the dynamic South Texas-Mexico Border. The location of the BBB Mobile Park in North McAllen offers easy access & convenience to grocery shopping, retail stores, dining and quick access to employment centers (County Court House, UTRGV,Federal Building, etc). The location is why the Mobile Park has consisitantly had 95%+ occupancy. The BBB Mobile Park utilities (water & sewer) are served by the City of McAllen and are sub metered and billed back to the Tenants. The current lot rent for the BBB Mobile Park lots have historically been kept low due to the Owners wanting to assist the rental community with affordable rates. The RV Lots have been rented out at an average of $260 per lot. The market rate for RV lots are in the $485 per lot.The Mobile Home (MH) Lots have been rented at $280 per month. The Market Rate for MH is in the $415-$435 range. Double Wides Lots have been rented at $359 per lot. The market rate for DW is $440 t0 $465 per lot. There is a opportunity to enhance the rental income by increasing the rent to market value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,200,000 |
| No. of Units: | 1 |
| Year Built: | 1998 |
| Lot Size: | 37.80 Acres |
| Opportunity Zone: | No |
| Price per unit: | $7,200,000 |
| Property Website | Click Here |
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