13661 US HIGHWAY 181 Sinton TX 78387-2138

The owner is pleased to present 19 Wells Mobile Home Park, a 19-space Mobile Home Park in Sinton, Texas. This park is located off US Highway 181 and is only a thirty-minute drive from Corpus Christi and is a five-minute drive from the largest steel mill in Texas, which has 1,500 workers on-site each day. 19 Wells Mobile Home Park is being offered at a 8.70 percent capitalization rate with an estimated Net Operating Income of $69,598. This net operating income number does not take into consideration any of the income that goes towards the rent-to-own credits. If you were to include the extra income, the Net Operating Income would be $133,937. 100% of the homes are currently occupied with either a tenant owned home, or a park owned home that is on a rent to own schedule. This park sits on a total of 3.43 acres. A new owner could develop approximately one acre of land behind the existing homes.

The park is on city water and a septic system. The park recaptures the water expense through Metron Electric Meters. The electricity is billed directly to the tenant through their provider leaving only a small electric bill of $100 for the owner to pay each month. The park does not recapture the trash expense. There is an on-site manager that gets paid $400 a month that would be willing to stay on.

• Stabilized Asset

• Utility Recapture

• Minimal Management Required

• 8.70% Cap Rate on Lot Rent Only

• 16.74% Cap Rate on all Sources of Income

• $455,966 Of Rental Credits Receivable Convey With Sale as of 3/17/2025