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

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.0%
  • Listing ID: 700052
  • Posted On: Aug 26, 2016
  • Updated On: Sep 7, 2017

Description

10 park owned mobile homes
7 mobile homes with heat pumps, 2 mobile homes with window units, 1 mobile home with central air and electric heat
Also has a 1600 sq ft home that is 4 bed, 2 bath with heat pump (2600 Jamestown Rd). Great rental history.
Operating expense of $2800.00 per year

Location

Appoximately 3 miles from Interstate 40, Exit 98. Close to town and schools.
Public water provided to the park by Brentwood Water Corporation.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 90.0 %
Year Built: 1998
Average MH Lot Rent: $450
Size: 5 acre(s)

Financial Information

Gross Income: $4,735
Operating Expense: $2,800
Net Operating Income: $54,000
Expense Ratio: 59.1 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $450

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