Description
Rare investment opportunity, with amazing cash flow and low maintenance expenses! Paradise Hills Mobile Home Park, is 127 lots, an office and a duplex located right off Grand St. in Amarillo, TX. The park is on City streets and city water reducing the maintenance expenses, this sale is for the lots only. The property is 100% full with each lot paying $400 per month! It's being offered at a 9.06% cap rate on actual numbers meaning the NOI is over $560K per year!
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N/AACRES
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01/2 BATHS
School Ratings & Info
Description
Rare investment opportunity, with amazing cash flow and low maintenance expenses! Paradise Hills Mobile Home Park, is 127 lots, an office and a duplex located right off Grand St. in Amarillo, TX. The park is on City streets and city water reducing the maintenance expenses, this sale is for the lots only. The property is 100% full with each lot paying $400 per month! It's being offered at a 9.06% cap rate on actual numbers meaning the NOI is over $560K per year!