Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.1%
- Listing ID: 1374267
- Posted On: Jan 2, 2021
- Updated On: Jan 11, 2024
Description
80 Acres
$14.5k in monthly revenue
8+% CAP rate
16 units, each unit is on roughly 5 acres.
14 of the units are park owned. 1 RV spot.
1 pad rental.
Water is $900 a month
Trash is $400 a month
Tenants pay their own electric and propane.
The units are all older, but in very high demand. Each 5 acre lots is fenced and many tenants have horses, chickens and goats.
Maintenance man lives in one of the units.
Owner is willing to finance 50%
Contact for financials. Qualified buyers only!!!
Location
12 minutes from large grocery stores, restaurants and schools. 25 minutes to downtown Colorado Springs.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $900 |
| Size: | 80 acre(s) |
Financial Information (Actual)
| Gross Income: | $17,400 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $14,400 |
| Expense Ratio: | 172.4 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $940 |
