Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 7.0%
- Listing ID: 1334059
- Posted On: Oct 2, 2020
- Updated On: Jun 3, 2021
Description
18 Lots --- 100% occupancy. 14 homes in the park are less than 4 years old
***Lot Rent Only Park***
$5400 monthly revenue
With full price offer we will pave the road and manage the park at no charge for 2 years. Your $5400 check will arrive each month before the 10th (less power bill and taxes)
Location
5 miles North of Cairo, Ga
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2016 |
| Average MH Lot Rent: | $300 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $64,800 |
| Operating Expense: | $4,800 |
| Net Operating Income: | $60,000 |
| Expense Ratio: | 7.4 % |
Lot Information
| Singlewide Lots: | 17 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |