SEU
SEU
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
SEU
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

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Listing ID: 594556
  • Posted On: Dec 11, 2015
  • Updated On: Feb 8, 2016

Description

25 space park OWNER WILL FINANCE
25 SPACES OF WHICH - 1 stick built
3 LOTS HAVE PAYING TENANTS
*COMES WITH 4 ADDL HOMES that will need to be rehabbed.
*City water,sewer-DIRECT BILLED
*Lot rent 275
*Utilities direct billed to tenants
*Park pays trash only
*Stick built home comes w sale-needs to be rehabbed
*2 miles from large university
opportunity to rehab 4 homes /stick built home will triple current gross
great starter park

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

Park Information

Community Type: All Age
Number of MH Lots: 25
Total Occupancy: 15.0 %
Year Built: 1960
Average MH Lot Rent: $275
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $12,000
Operating Expense: $5,000
Net Operating Income: $7,000
Expense Ratio: 41.7 %
Debt Info: none

RV Information

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

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $450