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Address is 1719 Ohio Street Pine Bluff, AR 71601

Gary Ross


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Greenfield Mobile Home Park PRICE REDUCED-OWNER FINANCING

Mobile Home Community for Sale in Pine Bluff, Arkansas

1719 Ohio Street
Pine Bluff, AR 71601

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Mobile Home Park for Sale

Number of MH Lots: 94
Size: 14 acre(s)
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 15928
Posted on: Aug 31, 2010
Updated on: Nov 29, 2010

Property Description

Greenfield Mobile Home Park. Established 1969. 94 lots, 51 occupied, which includes 15 park owned homes. Office on premises. Ideal park for Lonnie deals or to owner finance mobile homes. Due to the economic times, there is much demand for affordable housing with easy financing.
Owner is willing to finance $300,000.00 for 15 years @ 5.75% apr. a payment of approximately $2491.23 per mo. OR on a new bank loan, as down payment assistance, owner will finance 20% of the sale price on a 2nd mortgage @ 5.75% apr. for 15 years. for a payment of approximately $813.80 per month.
Monthly Operating expense: Water/Sewer averaged last 6 months:$1312.00. Dumpster:$516.00 Insurance $300.00 Real Estate Taxes $145.00 Phone $180.00 Internet $20.00 Electricity $80.00

Location Description

Greenfield Mobile Home Park is located on the east side of Pine Bluff, Arkansas inside the city limits, and on a four lane street. It is close to schools and shopping.
Pine Bluff is a community of approximately 50,000 in southeast Arkansas.

Park Information

Number of MH Lots:94
Total Occupancy:54.0%
Year Built:1969
Average MH Lot Rent: $125
Size:14.0 acre(s)

Financial Information

Gross Income$9,000
Operating Expense$2,218
Net Operating Income$6,792
Expense Ratio 24.6%
Debt Info

Lot Information

Singlewide Lots:78
Doublewide Lots:14

RV Information

Number of RV Lots:2
Average RV Lot Rent: $125

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:15
Average Rent for Park-owned Homes: $350