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
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: 7.6%
  • Listing ID: 793887
  • Posted On: Mar 21, 2017
  • Updated On: Mar 14, 2024

Description

Awesome Mobile Home Park investment opportunity, $400,000 price reduction as of 5-29-17 Priced for immediate sale at just $999,000, 12 units including 9 park owned, two leased spaced and a 3 bedroom 1500 Sq. Ft. residential home. $140,400 gross proforma income and $106,400 net proforma. 10.6 proforma Cap Rate City water with septic systems. Great level site with room for expansion. Neighboring sites under the same zoning are being developed into warehousing and manufacturing facilities.
Don't miss out on the great opportunity to own a great park in a developing area.
Call Dave Hilbert 425-280- 6542, Real Estate 2000 Corp.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 1968
Average MH Lot Rent: $975
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $140,400
Operating Expense: $34,000
Net Operating Income: $106,400
Expense Ratio: 24.2 %
Debt Info: $340,000

RV Information

Number of RV Lots: 0

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: $975

Video

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