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Address is 10176 Cliff House Rd Hauser, ID 83854

Casey Krivor

Revolutionary Realty

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Lakeview Park

Manufactured Home Community for Sale in Hauser, Idaho

10176 Cliff House Rd
Hauser, ID 83854

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Sale Price: $499,000
Photo of Mobile Home Park
Photo of Mobile Home Park
 

Contact Information

Casey Krivor
Revolutionary Realty

Mobile Home Park for Sale

Number of MH Lots: 18
Size: 19 acre(s)
Cap Rate: 11.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 407709
Posted on: Oct 07, 2013
Updated on: Mar 19, 2014
Price: $499,000

Property Description

Incredible investment opportunity. A CASH COW! 18 lot mobile home park on 19+ acres in Hauser Lake. This price generates over an 11% ROI. Gross income is about $60,000 per year ($300/unit - and beginning May 1 $325/unit), expenses at $10,000+/- per year gives an incredible net income of about $50,000 annually. Also has a 5 bay shop that can be rented out. Water, garbage and taxes are the only expenses at $900+/- per month. Mobile home park is a grandfathered use. Park sits on 3+/- acres leaving 16+/- acres for another home site with beautiful views. Newer drainfields, City of Hauser water. Mobiles are owned by the tenants and the tenants maintain their own yards, so the maintenance requirement is minimal.

Park Information

Number of MH Lots:18
Total Occupancy:94.0%
Year Built:1972
Average MH Lot Rent: $300
Size:19.0 acre(s)

Financial Information (Actual)

Gross Income$60,000
Operating Expense$10,000
Net Operating Income$50,000
Expense Ratio 16.7%
Debt Info

Lot Information

Doublewide Lots:18

RV Information

Number of RV Lots:18
Average RV Lot Rent: $300

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $600

Amenities and Other

Storage: Yes




Zip codes in Hauser, ID


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