Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1722005
  • Posted On: Jul 28, 2022
  • Updated On: Oct 30, 2022

Description

6 Lots
5 Lot Rent
1 Rental
$1240 monthly income.
Low expenses- trash, insurance, taxes = approx. $180 per month
Water, power paid by residents

This is a quiet, low key park in a small town in North Central NC.
Rent is low for the area at this time.
There is room for improvement in the aesthetics of the park.
Located in-town very close to shopping, medical, and schools.

Best consideration given to cash offer, but owner financing to be considered with serious down payment.

Location

Eden, NC

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 100.0 %
Average MH Lot Rent: $165
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $1,245
Operating Expense: $230
Net Operating Income: $1,015
Expense Ratio: 18.5 %
Debt Info: N/A

Lot Information

Singlewide Lots: 5

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $420