Description
ROCKY OAKS MOBILE HOME PARK HAS BEEN A GREAT MOM AND POP BUSINESS FOR MANY YEARS. EXTREMELY WELL POSITIONED BEING ONLY 1/4 MILE FROM TEMPLE LAKE PARK ON BELTON LAKE WITH TWO SIDES ROAD FRONTAGE ON FM 2305 AND CENTEX SPORTSMAN CLUB ROAD. THE PARK ITSELF RESTS ON A 4.331 ACRE TRACT WITH ANOTHER .147 ACRE TRACT ALONG THE ROAD FRONTAGE. THIS PEACEFUL PARK HAS 18 LOTS PERMITTED BY THE CITY OF TEMPLE, 14 OF WHICH ARE OCCUPIED TO INCLUDE THE SELLERS HOME. 9 OF THESE ARE RECEIVING LOT RENT AND 4 ARE OWNED BY THE PARK AND ARE LEASED. SELLERS CURRENTLY RESIDE IN A MOBILE HOME THAT HAS BEEN EXPANDED AND BEAUTIFULLY RENOVATED THROUGH THE YEARS TO APPROXIMATELY 2200 SFT THAT WHEN ADDED ON THE RENT ROLL SHOULD PRO FORMA TO AN 8% CAP RATE. THERE ARE 12 SEPTIC TANKS ON THE PROPERTY AND TWO WATER METERS. OWNERS HAVE INSTALLED INDIVIDUAL WATER METERS FOR EACH TENANT. A 40' SHIPPING CONATINER WILL CONVEY WITH THE SALE. MANY LONG-TERM TENANTS WITH SEVERAL STAYING FOR OVER 20 YEARS. GREAT LANDING FOR A 1031 EXCHANGE. BELTON ISD.
