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
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, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 541280
  • Posted On: Dec 21, 2015
  • Updated On: Mar 9, 2016

Description

Mobile home park located 10 minutes from Hartsville. Large lots, clean and quiet community. Water is direct bill and septic. Major employers Duke Progress, Sonoco, Coker College, Pepsi, and many more. Tremendous demand for affordable housing. Many mobile homes available to buyer and then rent to potential Tenants. LOW operating expenses. Lot rent below market. New super Walmart center in town.
Excellent money maker opportunity.
Low expenses (only manager, mowing, taxes, street lights, insurance)
Park manages itself. Spend 3-4 hours a month and get it all done.

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

Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 75.0 %
Average MH Lot Rent: $125
Size: 17 acre(s)

Financial Information (Actual)

Gross Income: $79,620
Operating Expense: $21,000
Net Operating Income: $58,620
Expense Ratio: 26.4 %

Lot Information

Singlewide Lots: 45
Doublewide Lots: 8

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $449

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