Mobile Home Park Details
- Purchase Method: New Loan
- Listing ID: 403400
- Posted On: Jan 20, 2015
- Updated On: Mar 30, 2016
Description
NEW PRICE - OFFERED AT BELOW APPRAISED VALUE.
4 land lease to own deals, bring in $595/month
4 land/home lease to own packages bringing in the following - $575,$585,$628 and $644 - Totals $2,432
Total Monthly Income - $3,027
Offered as a whole package but would entertain splitting out land/home lease to own deals, land lease deals, or lots only.
11 vacant lots to sell - $15,000/lot avg.
Taxes and Insurance are around $408/month.
Monthly NOI -$2,584 after taxes and insurance
Increase income by selling lots or buying more doublewides and doing land/home deals. Where can you earn 10% or more for 20 years???
This is a fantastic property for someone just starting out, or out of town buyer looking for something that is hands-off. Haskell school district makes this a desirable area.
Property just appraised mid last year for $344,000.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
Financial Information (Actual)
| Gross Income: | $0 |
| Operating Expense: | $4,884 |
| Net Operating Income: | $31 |
| Expense Ratio: | Inf % |
Lot Information
| Doublewide Lots: | 24 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $600 |