Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 1157491
  • Posted On: Nov 19, 2019
  • Updated On: Jun 30, 2020

Description

INVESTMENT HIGHLIGHTS
-SELLER FINANCING to strong borrowers
-Minimal expenses
-Tenants pay all utilities
-Substantial Upside potential with occupancy only at 43%
-Below market rent
-Priced for land value only @ $10,184 a Space!

The Park is a 3-star park which with road improvements could easily be improved.

The Park was built in two phases with the first phase built in the mid 1980’s with homes sitting on 1/8 acre lots. Each lot has its own street address and 200-amp service. The second phase was built in the 1990’s with each home sitting on 1/4 acre lots with street addresses and underground 200-amp service.

The Park consists of 49 mobile home lots on 5 acres, an office/ shop and 2 ponds. Together, this is over 16 acres.

The price will increase as units are refurbished.

An investor with a future vision of value will recognize the Park's value could potentially be over $1M by simply bringing on homes in need of rehab along with filling vacant spaces with new homes.

The property is currently priced for land value. Income is just a bonus!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 49
Total Occupancy: 43.0 %
Size: 17 acre(s)

Utility Information

Water: City

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