Mobile Home Park Details
- Cap Rate: 7.5%
- Listing ID: 1381524
- Posted On: Jan 19, 2021
- Updated On: Jun 3, 2021
Description
Great investment opportunity! Experienced owner and stabilized mobile home park in Laurens County for sale. 4 park owned pads and 11 park owned homes. Very low vacancy rate. Contact me for questions relating to revenue, expenses etc.
Location
Corner of Hwy 221 and New Prospect Rd
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $220 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $81,860 |
| Operating Expense: | $38,340 |
| Net Operating Income: | $43,520 |
| Expense Ratio: | 46.8 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $352 |
