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112th St. RV Park

Mobile Home Park | 9 Pads | $10,555/pad

Listing Contacts

Active

Asking Price: $95,000
Earnest Money  Deposit: $3,000 min.
Address 

1669 112th St, Lubbock, TX 79423

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Date Added
Jan 2, 2025
Days on Market
109 days
Time Since Last Update
109 days

Details

Property TypeMobile Home Park
SubtypeMobile Home with RV spaces
Investment TypeOwner/User
ClassC
Cap Rate3.80%
Pro-Forma Cap Rate17.00%
Occupancy30%
NOI$3,600
Pro-Forma NOI$16,200
Units3
Pads9
Buildings2
Lot Size (acres)0.74
Broker Co-OpYes
Price/Pad$10,555
Ownership100%
Sale ConditionDistressed
IntelligenceINTELLIGENCE
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Marketing Description

Unique MH and RV Park located about one block south of Lubbock City Limits.​ Park has great potential for a long-term RV parking with up to 12 spaces.​ It has one well and two septic tanks.​ Great Location! Directions: From US-87 or I-27 take 98th St west to Ave P.​ Turn south on Avenue P.​ From 98th St, approximately .75 miles to 110th Street.​ Go west on 110th which will curve south until you get to 112th Street; road turns west onto 112th St.​ The RV park is the last two lots on the south side of 112th.​ Selling Land only.​ It has one well and two septic tanks.​ Great Location!

Investment Highlights

Located just outside the City limits next to a big lot belonging to United Supermarket which will draw the city limits south to 114th Street. Land consist of two lots, 11 & 12, making a unique MH and RV Park located about one block south of Lubbock City Limits. Park has great potential for a long term RV parking with up to 12 spaces. Great Location! Easy upgrade to a profitable RV park

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,600.00
$300.00/mo

Valuation Metrics

0
DSCR
3.79%
Cap Rate
3.79%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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