Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 15.0%
- Listing ID: 121094
- Posted On: Feb 22, 2012
- Updated On: Jun 5, 2017
Description
Opelika/Lanette,Al....these 2 parks each have 17 units and some room for 2-3 more pads in one of the parks. they are sep/metered for electric and gas and furnish water. Parks are on septic tanks management is in place and will stay and the same owner has had these 2 parks for over 25 years!! They are about 15 miles from each other. this is a 'fire sale' deal now!! DON['T CALL ME WANTING OWNER FINANCING AS IT AIN'T GONNA HAPPEN!! GO TO EMCATLANTA.COM FOR A LOOK AT THESE PICTURES!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 95.0 % |
Financial Information
| Net Operating Income: | $70 |
Lot Information
| Singlewide Lots: | 34 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 34 |
| Average Rent for Park-owned Homes: | $400 |