Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Aerial view of Mobile Home Park
Photo of Mobile Home Park
Aerial view 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: 26.8%
- Listing ID: 548476
- Posted On: Jul 21, 2015
- Updated On: Mar 4, 2016
Description
18 lot park is located just outside West Helena city limits, but is served by city utilities. Park roads are paved and plumbing has been upgraded. Center green area is maintained by owner for play area. All electrical service boxes are provided by owner.
All mobile homes (17) and 1 camper with room addition, are included with sale. Average monthly income per home is $500.00.
Park is across from the local country club and and a short drive from Mississippi casinos.
WILL CONSIDER ANY REASONABLE OFFERS, BUT WILL NOT FINANCE.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 75.0 % |
| Year Built: | 2001 |
| Average MH Lot Rent: | $125 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $97,000 |
| Operating Expense: | $37,000 |
| Net Operating Income: | $60,000 |
| Expense Ratio: | 38.1 % |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $125 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $500 |