FRONT VIEW
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 8.9%
- Listing ID: 457490
- Posted On: Jul 2, 2014
- Updated On: Oct 2, 2014
Description
Great Turnkey Investment opportunity, Move in and take over! Charming, quiet, wooded, mobile home park. 24 spaces on 3+ acres, rents are below market. Sale includes seven owned units plus 1 SFR, 1300 sq.ft. 3 Bedrooms and 2 baths, 3rd bedroom is currently being used as an office, beautiful Knotty Pine interior with central A/C, Pot belly stove in Kitchen. Seller will finance with a good down payment, This is a great area with mega upside potential here!
Amenities
- Laundromat
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 24 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $425 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $120,000 |
| Operating Expense: | $24,000 |
| Net Operating Income: | $96,000 |
| Expense Ratio: | 20.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $525 |
