Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 22.0%
  • Listing ID: 395356
  • Posted On: Aug 20, 2013
  • Updated On: Dec 4, 2014

Description

THIS PARK JUST SOLD!!!!!!!!!!! 46 developed lots with 23 sold to tenants on a 'rent to own' basis. there are 17 lots rented to owners and lot rent is $165/mo. there are 2 park owned rentals. there are 3 vacancies now. the park is platted for 68 pads and the park has a well and septic tanks. Owner is selling due to family illness! The park nets about $133k now/yr. Everything in park is separately metered too. give me a call for more info. the owner cannot finance this at this point!

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Park Information

Community Type: All Age
Number of MH Lots: 68
Total Occupancy: 70.0 %
Average MH Lot Rent: $475
Size: 15 acre(s)

Financial Information (Actual)

Gross Income: $156
Net Operating Income: $133

Lot Information

Singlewide Lots: 68

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $400

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