Contact Information
Mobile Home Park Details
- Price: $8,320,000
- Cap Rate: 6.8%
- Listing ID: 6898345
- Posted On: May 13, 2025
- Updated On: May 13, 2025
Description
Sunstone is pleased to offer Baldwin and Palm City Mobile estates for sale. These two parks offer a combined 154 pads plus a number of SFH, duplex, apartment, and storage buildings which could bring revenue generation to 171 total spaces. Located in the Rio Grand Valley, these parks are conveniently located approx. 4.1 miles from each other. Both parks are located in the heart of Mcallen and San Juan respectively and give residents the convenience of many options for groceries and other shopping/restaurant amenities. Owners of these parks will benefit from ease of ownership due to city water/sewer in stabilized parks with room to grow.
The Rio Grande Valley is home to more than 1.3M people and is positioned to continue to experience population growth This growth is driven by international trade and manufacturing around Port Brownsville, SpaceX’s Boca Chica Beach, trade with Mexico, and a robust infrastructure.
Location
84.4% Occupancy
City water and Sewer – all billed back
Palm City is a gated community
Experiencing population growth
Baldwin located in desirable area of McAllen
Park Information
Number of MH Lots: | 154 |
Total Occupancy: | 84.4 % |
Financial Information
Net Operating Income: | $561,848 |
Utility Information
Water: | City |
Sewer: | City |