Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 455189
  • Posted On: Jun 12, 2014
  • Updated On: Jun 18, 2015

Description

Long term rentals, great potential for expansion. Two legal lots of record. Owner will consider selling half of Park with shared will & septic agreement. Price will be 60% or 40% of $500,000.oo

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 70.0 %
Year Built: 1985
Average MH Lot Rent: $350
Size: 6 acre(s)

Financial Information (Pro Forma)

Gross Income: $40,000
Debt Info: private

RV Information

Number of RV Lots: 15
Average RV Lot Rent: $350

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $400