Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.6%
- Listing ID: 2709469
- Posted On: May 1, 2023
- Updated On: Jul 18, 2023
Description
66 unit mobile home portfolio located in Fayetteville, NC - home to Fort Bragg - the nation's largest military base.
66 individually deeded lots; Land/home package
65 mobile homes (38 double/28 single); 1 vacant lot;
45 of 65 mobile homes owned by seller and rented to tenant;
19 of 65 mobile homes sold on owner financing terms to tenant.
On these 19, owner collects P&I payment on mobile home in addition to lot rent;
10 vacancies being prepped to place tenant. Singles rent at 800-900, Doubles rent for 1100-1200;
Monthly gross income on 66 lots: $58,515;
Annual gross income on 66 lots: $702,180;
OWNER FINANCING AVAILABLE
Location
Fayetteville, NC / Ft. Bragg, NC
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 66 |
| Total Occupancy: | 85.0 % |
| Year Built: | 2000 |
| Average MH Lot Rent: | $366 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $702,180 |
| Operating Expense: | $165,210 |
| Net Operating Income: | $536,970 |
| Expense Ratio: | 23.5 % |
Lot Information
| Singlewide Lots: | 28 |
| Doublewide Lots: | 38 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
