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: 12.8%
- Listing ID: 804037
- Posted On: May 27, 2017
- Updated On: May 16, 2018
Description
31 Lot Mobile Home Park For Sale by Owner.
19 Park Owned Home. Well maintained with an average monthly rent of $425.
7 Lot rentals at $200
5 vacant lots.
The Property is 21.77 acres but the park only utilizes 12 acres. TONS of room for expansion and upside.
Paved Roads, County Water, Septic Sewer and homes are Individually Metered.
Onsite Park Manager that is willing to stay on with new owner.
For more information please contact Kurt @ (704)315-9815
Location
Close to Interstate 85
Great Location that is close to major retailers.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Average MH Lot Rent: | $200 |
| Size: | 22 acre(s) |
Financial Information
| Gross Income: | $111,600 |
| Operating Expense: | $9,553 |
| Net Operating Income: | $102 |
| Expense Ratio: | 8.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $425 |
