Summer Winds Mobile Home Park

Mobile Home Community for Sale in Las Cruces, New Mexico

Las Cruces, NM
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Mobile Home Park for Sale

Number of MH Lots: 165
Status: Active
Property ID: 12944
Posted on: Jun 02, 2010
Updated on: Oct 19, 2010

Property Description

NAME: SUMMER WINDS MOBILE HOME PARKLOCATION: LAS CRUCES, NEW MEXICO

THIS IS A PRIDE OF INCOME PROPERTY!!
CONDITION: THE PROPERTY OVER ALL IS IN GOOD CONDITION, GOOD LOCATION IN TOWN. NEW ROADS MARCH OF 06 AND NEW DRIVEWAYS WITH CRUSHER FINE, COST OVER $150K FOR ROAD IMPROVEMENTS. THIS 1 1/2 STARPARK IS ON APPROX. 20 ACRES. THIS BREAD AND BUTTERPARK HAS GREAT CASH FLOW!!

SELLER WILL CARRY AITD ON THE PROPERTY OF $2,600,000 @ 6.99% AMORTIZED OVER 25 YEARS DUE IN LESS THAN 6 YEARS SO NO LOAN COST AND NO HASEL FROM THE BANK. P&I PAYMENTS $18,360. THE LOAN IS IMPOUNDED FOR TAXES AND INSURANCE AND REPAIRS NOT IN ABOVE PAYMENT .

DOWN PAYMENT: $795,000

No warranties or representations, expressed or implied, as to the accuracy of the information. Buyer this information has been secured from sources we believe to be reliable, but we make must verify the information as bears all risk for inaccuracies.

This information has been secured from sources we believe to be reliable, but we make no warranties or representations, expressed or implied, as to the accuracy of the information. Buyer must verify the information as bears all risk for inaccuracies.

FOR ADDITIONAL INFORMATION CONTACT

DUNN INVESTMENTS 23974 ALISO CREEK RD., #460 LAGUNA NIGUEL, CA 92677 949 448 8290

Park Information

Number of MH Lots:165
Average MH Lot Rent: $290

Financial Information

Gross Income$499,800
Operating Expense$159,600
Net Operating Income$340,200
Expense Ratio 31.9%
Debt Info


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