Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 891663
- Posted On: Jan 4, 2018
- Updated On: Jul 17, 2018
Description
This is a clean, well-maintained RV and mobile home park containing 112 mobile spaces, 88 RV spaces, and 189 park model spaces, with multiple rental units conveying with the sale. There is an extremely nice rec hall with kitchen and stage, a hobby building, a billiards hall, nice laundry facilities, 24 shuffleboard courts, showers and restrooms, outdoor pool and hot tub, free Wi-Fi, paved streets. There are planned activities to keep both winter and full-time residents engaged and happy. Optional cable hook-ups. Rental units available. For more information, and financials, please contact Gene Trafton at 210-422-2364 or Trafton.Gene@gmail.com. Park website is www.MagicValleyPark.com.
Amenities
- Laundromat
- Pool
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 389 |
| Year Built: | 1974 |
| Size: | 28 acre(s) |
Financial Information
| Gross Income: | $1,047,834 |
| Operating Expense: | $479,000 |
| Net Operating Income: | $568,000 |
| Expense Ratio: | 45.7 % |
Lot Information
| Singlewide Lots: | 109 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 189 |
RV Information
| Number of RV Lots: | 88 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |