Map
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.0%
- Listing ID: 393932
- Posted On: Aug 14, 2013
- Updated On: Aug 13, 2015
Description
BACK ON MARKET!
Sale fell through. Now is an excellent time to pick up an under-performing park in the Memphis area. Park has 40 pad potential, with 21 pads currently rented. All tenants are on $275/month lot rent, all pads separately metered for electric. Owner pays taxes and water only. City sewer and water.
Park needs some clean-up and more homes brought in to maximize profits.
Owner is willing to offer owner-financing.
Call for more information.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 63.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $275 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $82,500 |
| Operating Expense: | $28,984 |
| Net Operating Income: | $53,516 |
| Expense Ratio: | 35.1 % |
| Debt Info: | None |
RV Information
| Number of RV Lots: | 40 |
| Average RV Lot Rent: | $275 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |