Lovely pool
Lovely pool
BBQ area
BBQ area
Completely furnished
Completely furnished
Beautiful interiors
Beautiful interiors
Lovely cabinetry
Lovely cabinetry
Rec room
Rec room
Laundry room
Laundry room
Lovely pool
BBQ area
Completely furnished
Beautiful interiors
Lovely cabinetry
Rec room
Laundry room

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 8.5%
  • Listing ID: 702223
  • Posted On: Sep 3, 2016
  • Updated On: Dec 25, 2016

Description

This property has 20 lovely furnished park model homes which rent for $1,000 average monthly income.

Amenities include swimming pool, BBQ area, and laundry room.

The park's excellent location is near downtown and near a very large military base.

There is room to add more homes and increase the rental income. Additional brand new park model homes can be purchased for about $23,000 each, which would be ideal to place on the eleven remaining spaces and eventually fill up the entire park!

There may "possibly" be an existing assumable private loan in the approximate amount of $550,000.

Park residents include civilian military contractors and retirees.

There is NO seller financing available.

Courtesy to brokers!

Amenities

  • Laundromat
  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 31
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $155,202
Operating Expense: $54,898
Net Operating Income: $100
Expense Ratio: 35.4 %

Lot Information

Singlewide Lots: 31
Park Model Lots: 31

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 20
Average Rent for Park-owned Homes: $1,000

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