Mobile Home Park Details

  • Purchase Method: New Loan
  • Listing ID: 13252
  • Posted On: Jun 2, 2010
  • Updated On: Oct 19, 2010

Description

Price reduction $579,000. 24 Spaces on over 7 acres with 23 Park Owned Homes (POH) Income $475. average rent X 23 spaces =$10,925. Plus 1 lot rent at $250.= $11,175.00 Expenses; Trash $250.month, Water treatment $250.month, Tax's $2,000. year, Maintenance Man $280. every 2 weeks, plus free rent of small house. Park is on well and septic. The Park sets on a little over 2 acres with 24 spaces and a small house. It has gravel roads. The trailers were built in the 70's. With a additional 5 acres with a 24x24 garage, and a horse shed. I owe about $240,000. on the Park to a local Bank. They said that they would have no problem loaning money on the Park. No Owner carry terms. I may take a RV as part down.

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Park Information

Number of MH Lots: 24
Average MH Lot Rent: $250
Size: 2 acre(s)

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $475

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