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

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 11.1%
  • Listing ID: 514463
  • Posted On: Mar 25, 2015
  • Updated On: Oct 27, 2015

Description

Fully turnkey Mobile Home Park with 41 lots, 22 park-owned homes are currently at 100% occupancy. City water. Septic. Park is grossing over $7,000/mo. with potential to almost double if more homes are brought in. Owner will carry with 50% down, giving an investor a 15% ROI. Pro forma with full financial details available upon request.

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Park Information

Community Type: All Age
Number of MH Lots: 41
Total Occupancy: 100.0 %
Year Built: 1975
Average MH Lot Rent: $0
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $84
Operating Expense: $25
Net Operating Income: $58
Expense Ratio: 29.8 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $320