Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 8.0%
  • Listing ID: 457497
  • Posted On: Jul 3, 2014
  • Updated On: Oct 8, 2014

Description

Premium mobile home park offered by owners. Pride of ownership shows for this 12 space senior (over 55) park on 2 acres. All spaces have uniform carports with storage.
Space rent is $280/mo and there have been no vacancies for over 20 years !!
Newer paving, very low maintenance, lots of evergreen trees, all fenced, irrigation system, super clean and neat.
Located in Klamaths' nice and quiet suburban area.
Owner pays the water, garbage, property taxes and sewer expenses. Total expenses average 20% of gross income.
This park has been family owned and managed for 35 years.
All tenants have signed rental agreements and park rules.
Owners are looking to finance acceptable buyer and all terms are negotiable. Cash offers also considered.

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

Park Information

Community Type: 55 And Over
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 1967
Average MH Lot Rent: $280
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $40,320
Operating Expense: $10,925
Net Operating Income: $29,395
Expense Ratio: 27.1 %
Debt Info: none

RV Information

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

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

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