Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 4223232
  • Posted On: Dec 29, 2023
  • Updated On: Feb 6, 2024

Description

Great opportunity to purchase a 7-acre mobile home park in Hutchinson! Zoned R-1 Residential This property has a drinking well and septic system. 12 lots are currently rented for $225 per month per lot (no leases). Park clears net profit of $2,400 a month after expenses. Park expenses include the electric bill which is about $130-140 a month. Don't miss out on this one-of-a-kind opportunity to purchase a large mobile home park with steady income! All tenants have resided at park for 10+ years. All tenants own their own homes. Park owned homes need minor renovations to be rented.

Location

Rural on 7 acres

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 50.0 %
Year Built: 1970
Average MH Lot Rent: $225
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $2,475
Operating Expense: $150
Net Operating Income: $28,500
Expense Ratio: 6.1 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $0

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