Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.5%
- Listing ID: 772131
- Posted On: Dec 19, 2016
- Updated On: Jul 25, 2017
Description
This 2 star working man's park need some up keep but provide a good cash flow. Owner reports the past 5 years improvements are new leach field, well and electrical upgrade. The park consists of 29 spaces with mobilehomes/RV's, 1 stick built home, a large storage building and some extra land at the rear of the park. There are 5 park owned mobiles. The owner is retiring and will carry the 1st. SUBMIT OFFER.
Location
This park is located on a quiet street between Anderson and Redding.
Amenities
- Laundromat
- Pool
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
Financial Information
| Gross Income: | $129,900 |
| Operating Expense: | $56,485 |
| Net Operating Income: | $70,415 |
| Expense Ratio: | 43.5 % |
Utility Information
| Water: | Well |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $264 |
