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: 11.0%
- Listing ID: 776767
- Posted On: Jan 10, 2017
- Updated On: May 31, 2017
Description
42 ocupied spaces mobile home park. 32 park owned homes with rent amount $400-$500.
10 lot renters pay $275.00. One brick house rents for $625.00. 4 vacant lots waiting for single wide mobile homes.
City water city sewage. individual new digital meter installed.
No other park can be built in this city. 25 mile to the Athens GA. 70 miles to the Atlanta. there are space to put 3 more lots already approve by the city zoning . owner plan to retire in a couple of years.
MANAGER AND TENANTS DO NOT KNOW OF THE LISTING! PLEASE DO NOT DISCUSS WITH ANYONE BUT THE OWNER please.
there's some room for negotiation depend on the way of closing the deal.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $275 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $200,000 |
| Operating Expense: | $50,000 |
| Net Operating Income: | $150,000 |
| Expense Ratio: | 25.0 % |
| Debt Info: | 400000 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
