Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 15928
- Posted On: Aug 31, 2010
- Updated On: Nov 29, 2010
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
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
| Community Type: | All Age |
| Number of MH Lots: | 94 |
| Total Occupancy: | 54.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $125 |
| Size: | 14 acre(s) |
Financial Information
| Gross Income: | $9,000 |
| Operating Expense: | $2,218 |
| Net Operating Income: | $6,792 |
| Expense Ratio: | 24.6 % |
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 |