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: Seller Financing
- Cap Rate: 7.3%
- Listing ID: 692864
- Posted On: Aug 1, 2016
- Updated On: Mar 28, 2017
Description
BIG Price Drop and Seller Terms are available on this Money Maker with Great Upside in Rents and Occupancy! Motivated Sellers Ready to Retire and say "Bring Us An Offer! Out of State owners have been happy with 65% occupancy. Now it's time for space rent increases and more aggressive marketing and management! Currently running at a 7.34% cap rate, but with little effort take this to a 10% CAP RATE!! 32 Space RV Park with New Fence and Very Little Maintenance! Great Location Seller will carry!
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Financial Information (Actual)
| Gross Income: | $67,866 |
| Operating Expense: | $19,101 |
| Net Operating Income: | $43,960 |
| Expense Ratio: | 28.1 % |
RV Information
| Number of RV Lots: | 32 |
| Average RV Lot Rent: | $240 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |