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

Mobile Home Park Details

  • Purchase Method: Assumable Loan
  • Cap Rate: 8.0%
  • Listing ID: 511508
  • Posted On: Mar 1, 2015
  • Updated On: Jun 6, 2015

Description

SELLER VERY MOTIVATED, DUE TO ILLNESS!

Located near Hwy 372. Senior RV/Mobilehome Park. "Permanent" month to month tenants. Manager/Maintenance on site. One Park owned Mobilehome, one tenant owned Mobilehome, 49 RV spaces, One 2 bedroom apartment, Laundry/ rec room, restrooms. This property is well maintained and quiet. GOOD UPSIDE is filling empty spaces and rent raise. Bank note is assumable due in 2035.

Amenities

  • Laundromat
  • Club House
  • Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 51
Total Occupancy: 84.0 %
Year Built: 1974
Average MH Lot Rent: $280
Size: 5 acre(s)

Financial Information

Gross Income: $188,000
Operating Expense: $94,000
Net Operating Income: $94,000
Expense Ratio: 50.0 %
Debt Info: Assumable Bank Loan

Lot Information

Doublewide Lots: 2

RV Information

Number of RV Lots: 49
Average RV Lot Rent: $280

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $575