Mobile Home Park Details

  • Cap Rate: 15.0%
  • Listing ID: 625022
  • Posted On: Jan 27, 2016
  • Updated On: Mar 28, 2016

Description

Mobile home park on 18 acres with 28 Park owned homes. Two of the homes are under owner financed notes both with about 18,000 remaining. The park has 22 current residents. Several of the homes need to be fixed up and renter. Very close to I-75 and the huge Ga Power Plant. This is an estate sale and the owner passed away and left it to his children who no longer want it. Please call for more info. Will not last at this price. Some Owner financing to the right person.

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

Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 75.0 %
Year Built: 1978
Average MH Lot Rent: $500
Size: 18 acre(s)

Financial Information (Actual)

Gross Income: $130,000
Operating Expense: $55,000
Net Operating Income: $75,000
Expense Ratio: 42.3 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 28
Average Rent for Park-owned Homes: $500