3910 County Road 118Midland, TX 79706

For Sale
$425,000
Property records and analytics
14-unit mobile home park, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
125
This stabilized Class C mobile home park in Midland, Texas, presents a compelling investment opportunity. The property, known as Tumbleweed Estate, encompasses 2 acres and features 14 spaces: 11 tenant-owned mobile homes and 3 RV spaces. Currently operating at 93% occupancy, the park generates a substantial net operating income (NOI) of $44,022, yielding a strong 10.36% capitalization rate. The asking price is $425,000. Monthly rent is $400 for mobile homes and $450 for RV spaces, with potential for a $50 rent increase. Utilities vary

Property Details for 3910 County Road 118

Property type
Mobile home & RV parks
Class
C
Lot Size (sq. ft)
87,120 SF
Units
14

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.9511949
Longitude
-102.112187
3910 County Road 118, Midland, Texas

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FAQs

What type of property is this?
Mobile home & RV park - 14-unit mobile home park, high ROI
Where is the mobile home & rv park located?
The property is located at 3910 County Road 118 Midland, TX.
What is the asking price?
The asking price for this property is $425,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Hudson Silverman
Hudson Silverman
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Useful Information

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County Road 118
Midland, TX 79706

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County Road 118
Midland, TX 79706

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3910 County Road 118
  • Hudson Silverman
    Hudson Silverman
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