Mobile Home Park Details
- Purchase Method: New Loan
- Listing ID: 454945
- Posted On: Jun 9, 2014
- Updated On: Dec 14, 2014
Description
Park has two phases. Phase one is developed currently has 28 homes of which 3 our lot rents. 6 additional lots are developed to add additional homes.
Phase two needs additional development - water line and electric in. Needs
sewer line and road to be completed. When completed, Phase two can add up
to an additional 26 lots. Some deferred maintenance but Park has lots of
potential. 2013 gross income- $127,098.00. Divorce, health and economy reasons for sale.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 75.0 % |
| Year Built: | 2004 |
| Average MH Lot Rent: | $460 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $127 |
| Operating Expense: | $126 |
| Net Operating Income: | $1 |
| Expense Ratio: | 99.2 % |
| Debt Info: | $581,645.00 |
Lot Information
| Singlewide Lots: | 56 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $460 |
