• Offered at a double digit cap rate and high cash-on-cash return. The property
currently has a recourse loan through a local bank who might be willing to finance the acquisition of the park for a new owner.
• Value-add opportunity to grow occupancy by bringing in homes and selling
them through an LTO program or as a pure rental. There is a serious lack of longterm affordable housing for residents in the Fort Stockton area and this is the only manufactured housing community in town. New homes brought into the community have quickly sold to residents able to put $5,000+ as a down payment.
• The property is just over a mile off of IH-10 and directly off of US Highway 285, and features large lot sizes, an on site convenience store, laundry facility, (brand new laundry equipment), shower/restroom facility, and an on-site office.
• The community is directly across the street from James Rooney Memorial Park, a public park featuring the Comanche Springs Swimming Pool, a dog park, disc golf course, several baseball and softball fields, basketball and tennis courts, playgrounds, running paths with exercise equipment, BBQ grills, as well as abundant green spaces and shaded areas for events.
• The RV side of the park has residents who work in the oil and gas drilling industries. However, most of those residents work on long-term energy projects such as solar installations, gas processing plants, electrical transmission buildout, and pipeline work.