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
- Cap Rate: 10.0%
- Listing ID: 868964
- Posted On: Oct 16, 2017
- Updated On: Oct 18, 2017
Description
THE BEST MOBILE HOME PARK ON THE EAST COAST NOW FOR SALE
* Mature park - 25 years old.
* 100% occupied, now and always.
* Fast growing and high employment area (Hilton Head SC, Savannah Ga).
* All tenant owned homes, no park owned homes.
* All utilities billed directly to the tenants.
* Public utilities (water and sewer).
* Paved streets.
* Long term tenants.
* Good management, on time collections.
* Low expenses.
* Also includes a single family apartment (occupied). $650 per month.
* $163,800 income. $22,800 average expense. $141,000 NOI.
Cash buyers or preapproved financed buyers only.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1992 |
| Average MH Lot Rent: | $250 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $163 |
| Operating Expense: | $22 |
| Net Operating Income: | $141 |
| Expense Ratio: | 13.5 % |
Lot Information
| Singlewide Lots: | 52 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |