Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 15.8%
- Listing ID: 622868
- Posted On: Jan 24, 2016
- Updated On: Nov 30, 2017
Description
Price reduced!! Profitable 8 lot park in cute eastern NC coastal town. Lots are 1/2 block from the waterfront. 7 lots are lease only at $900/mo. One lot has park owned home at $550/mo. Total potential income of $1,450/mo. Additional income possible. Strong employers in area. Potential development of Aurora waterfront a strong possibility. Don't miss out. The value will only increase! Great entry level park! Incredible discounted price. Won't last at this price!! Call for more details.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 88.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $135 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $17,400 |
| Operating Expense: | $1,800 |
| Net Operating Income: | $15,600 |
| Expense Ratio: | 10.3 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 8 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 1 |
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: | 1 |
| Average Rent for Park-owned Homes: | $550 |