Updated Sep 6, 2024
Baytown Property Sold By Buyer Represented By Kevan Enger Brian Hummell Hunter LaRocca Ian Hilpl
2916 McKinney Rd, Baytown, TX, 77520
Building Size
—
Asset Type
Manufactured Home
Closing
Nov 19, 2023
About this deal
AI
The sale involved a manufactured housing property located at 2916 McKinney Rd, Baytown, TX, 77520. The property is part of the Baytown market and consists of 0 square footage. The transaction included two manufactured housing properties, one being Chase Village in Baytown with a total of 145 sites and a high occupancy rate of 97.5 percent at the time of sale.
Summary of transaction details:
- Property Type: Manufactured Housing
- Transaction Amount: Undisclosed
- Address: 2916 McKinney Rd, Baytown, TX, 77520
- Market: Baytown
- Seller's Representatives: Kevan Enger, Brian Hummell, Hunter LaRocca, Ian Hilpl
- Buyer: Undisclosed
- Seller: Undisclosed
The deal was facilitated by Capstone, with Ian Hilpl, Kevan Enger, Brian Hummell, and Hunter LaRocca representing the seller while also procuring the buyer. Both the buyer and seller requested anonymity throughout the transaction.
Players
Baytown Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93