Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 11.0%
- Listing ID: 1807001
- Posted On: Sep 8, 2022
- Updated On: Oct 31, 2022
Description
Great Location. High traffic count two miles from Columbus/Phenix City Bypass. Price Reduced $100k. Seller will finance with 50% down. 37 pads with 20 vacant lots and 1 vacant home. Ready to Rent. Just rented the other one for $650 and getting lots of activity on the other home. Excellent Value Add Opportunity in a great location.
Location
Great location 2 miles from the Phenix City, AL, Columbus, GA western bypass. Very populated with Good Retail nearby. Great Traffic count.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 43.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $175 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $81,585 |
| Operating Expense: | $44,554 |
| Net Operating Income: | $65,113 |
| Expense Ratio: | 54.6 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 37 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |