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FAIR PARK II
HARLINGEN, TEXAS
The cash price has been lowered to $129,000 - or best offer.
Many have asked about present mortgages and owner financing. There is no mortgage on the property. No owner financing.
This is not a regular 'move-in-move-out' park for tenant owned mobile units. It was set up with park owned units to handle people looking for efficiencies to rent out by the month, with all utilities and maintenance (except for the propane cooking gas) paid for by the park. Some of the residents have been there for years - some for 1 month. These are low income working people who do not want to open utility accounts or be locked into a longer term lease. None are drawing any government subsidies.
We purchased the park January 30 this year. Below is the P&L since operations began. The park has a well for irrigating the landscape - but is on city water for the units. There are three large septic systems in use. The city is extending their sewer system into the area, but if you hook up with them it will run your costs up as they charge double whatever the water bill is for the sewer service. So for a hundred dollar water bill you will pay two hundred for the sewer bill.
Costs are lower in the winter. You are in citrus country - so temperatures are generally mild in the winter and no fear of freezing pipes. In fact - the Valley is safer then most places in the U.S. from the ravages of nature such as tornadoes, floods, earthquake, fire, hurricanes, etc. No place is without risk - but it is a minimum of risk here. Our park came through Hurricane Dolly without any damages. Some parks in the area had losses - which could have been a result of the tornadoes that sometimes spin out of these storms.
Harlingen is rated as the third lowest cost of living community in the United States and has one of the safest highway records for drivers in the country too. In fact there is a new expressway (83) that makes it easy to traverse the valley from one end to the other, making the beaches and amentities of South Padre Island only 35 minutes away. Mexico, with its cheap gasoline, inexpesive medical/dental facilities, cheap pharmacies, entertainment, etc. is easily accessible over several nearby motorist and pedestrian bridges.
There are three airports in the Valley, the biggest is Valley International (HRL) in Harlingen. Service is through American, Continental and Southwest airlines. Efforts are now being made to initiate passenger train service from San Antonio - which may help keep the airline prices down.
There are 5 mobile homes on the property that have had additional rooms added to them and then divided into 13 apartments.
We are in the process of making improvements to those apartments so that the rents may be increased. There is also space for two more small trailers to be added to the property for additional income - or a large trailer for the owner to reside.
The property is offered directly without the services of a broker. The contract/purchase can be arranged through the services of a real estate attorney - yours or ours.
Go here to see more info: http://www.winwinflorida.com/fp2.html
Thanks for the inquiry .
Brian R. Mommsen
Snowbird Property Management, LLC
Email
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South Texas Cities Along U.S.-Mexico Border Capture Investor Attention
MISSION, Texas, July 17 /PRNewswire/ -- If you've never heard of the U.S.-Mexico border towns of Mission and McAllen, Texas, it's in your best economic interest to remember them. The South Texas border has seen tremendous development over the last decade and investors are discovering what is amounting to a modern-day gold rush.
The Mission/McAllen MSA (part of the Rio Grande Valley) is one of the most exciting enclaves of economic prosperity today, with new businesses opening weekly to serve a rapidly growing population of more than 720,000.
Twenty years ago, the area held less than half the current population and its economy focused primarily around agriculture. Since then, investments have changed acres of farmland into shopping centers, residential subdivisions and industrial parks. Expansion of local companies and the relocation of more than 500 industrial companies have created more than 120,000 jobs.
Keeping up with the growing job market, population has increased more than 150,000 residents since the 2000 Census and is projected to double by 2025.
"There appears to be no economic slump in the area despite an overall downturn in the U.S. economy," said Pat Townsend Jr., Mission Economic Development Authority CEO. "Businesses interested in the area simply need to look at the statistical data and the facts make it clear that this is where they need to be."
Eight international bridges connect Mission/McAllen with the industrial border communities of Reynosa, Matamoros and Monterrey, Mexico. Together, regional population totals more than 5 million with Mission/McAllen being their nearest U.S. retail market. A new international bridge, Anzalduas International Bridge, linking Reynosa to Mission, will open in 2009 and another crossing has also been announced to the east.
"We have so much commerce between our two countries locally," said Townsend. "Communities on both sides of the border have been very cooperative in helping make the economy strong and secure."
McAllen/Mission Rankings
-- 5th best place to buy real estate (CNNMoney.com)
-- 1st in job growth, 2nd in income growth in Best Cities For Jobs Survey (Forbes.com 2008)
-- 7th Top Performing City in the nation, ranked by job, wages and salary growth, short-term job and high-tech job growth (Milken Institute 2007)
-- Highest percentage of annual job growth in total nonagricultural wage and salary employment primarily in retail trade employment (Texas Labor Market Review January 2008)
-- Highest annual growth rate in employment, education, health services (Texas Labor Market Review January 2008)
-- Reynosa is the only city in Mexico not to show a job loss in the maquiladora industry in the past five years (INEGI)
-- 3rd in Texas for Sales Tax Collections per capita (Texas Comptroller)
-- Top place for entrepreneurship in Southwest (Entrepreneur Magazine)
-- Highest grossing retail mall, La Plaza Mall, in the United States (per square foot)
"More companies are finding out about us and relocating here every day," added Townsend. "These border towns have been transformed into an exciting and prosperous metropolitan area."
Daniel Silva
Mission Economic Development Authority
1-800-707-1155
http://www.missioneda.org
Website: http://www.missioneda.org/
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Jeffrey N. Barber
Lehigh Financial Group, LLC
The Max Hess Building
1244 W. Hamilton Street Suite 200
Allentown Pa 18102
Office 610.821.6870 Ext #2
Fax 610.821.0137
email: jeffbarber@lehighfinancialgroup.com
website: www.lehighfinancialgroup.com
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STAR CAPITAL CORP.
Steve Murden
14 East Campbell Avenue, Suite 240
Roanoke, VA 24011
Phone: 877-297-2230 Fax: 703-991-0072
website: STAR CAPITAL CORP.
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