A 148 space family park on 32.63acres in the City limits of Bend, Oregon,one of the premier recreational centers in the Northwest.Roads are paved and the park is on City services. The premises are nicely landcapped with lawns, mature trees and enhanced by a large irrigation canal which provides irrigation water for the park during spring and summer months. There is a mix of 70's 7 80's vintage singlewide & doublewide homes together with newer manufactured units. Current rent is $390 a month increasing to $395 3/1/10. The managers dblwd manufactured coach is the only park owned home. Additionally there is a large shop/ garage togehter with two more storage building next to the manager's home. Within the park boundaries are two open grass areas upon which an 30-35 spaces could be added to the park. At present there is approximately a $3,650,000 balance on a conduit loan which is due Oct. 1 2013. The annual interest rate is 5.875%,$28,064.42 monthly payments including property tax, insurance & reserve impounds. This loan may be assumed or there may be possible owner terms. This park is cross-collaterized with a122 space park in Hermiston, Oregon that has a$1,495,000. The two parks may be purchased together or individually Broker Alex Robertson's wife owns a small ownership percentage of the Bend park.
Contact Alex Robertson a commercial broker with John L Scott for the past 22 years, for prompt and personal representation in locating the best mobile home park to fit your goal while negotiating the best price. I have bought and sold parks for clients throughout the Northwest. Consulting onparks is another facet of my brokerage business. Phone me at (541) 317-0123 at my office in Bend, Or. or call my cell (541) 280-2117. My email address is alexrobertson@johnlscott.com Regards,Alex
A 148 space family park on 32.63acres in the City limits of Bend, Oregon,one of the premier recreational centers in the Northwest.Roads are paved and the park is on City services. The premises are nicely landcapped with lawns, mature trees and enhanced by a large irrigation canal which provides irrigation water for the park during spring and summer months. There is a mix of 70's 7 80's vintage singlewide & doublewide homes together with newer manufactured units. Current rent is $390 a month increasing to $395 3/1/10. The managers dblwd manufactured coach is the only park owned home. Additionally there is a large shop/ garage togehter with two more storage building next to the manager's home. Within the park boundaries are two open grass areas upon which an 30-35 spaces could be added to the park. At present there is approximately a $3,650,000 balance on a conduit loan which is due Oct. 1 2013. The annual interest rate is 5.875%,$28,064.42 monthly payments including property tax, insurance & reserve impounds. This loan may be assumed or there may be possible owner terms. This park is cross-collaterized with a122 space park in Hermiston, Oregon that has a$1,495,000. The two parks may be purchased together or individually Broker Alex Robertson's wife owns a small ownership percentage of the Bend park.
Contact Alex Robertson a commercial broker with John L Scott for the past 22 years, for prompt and personal representation in locating the best mobile home park to fit your goal while negotiating the best price. I have bought and sold parks for clients throughout the Northwest. Consulting onparks is another facet of my brokerage business. Phone me at (541) 317-0123 at my office in Bend, Or. or call my cell (541) 280-2117. My email address is alexrobertson@johnlscott.com Regards,Alex
Beautiful trees on this lot with nice brick home with 4 bedrooms, 2 baths. Property is well-maintained. Enjoy the breezeway between house and garage. Behind the house, there are 14 mobile home spaces that are leased out. Look at the size of this lot. Easy country living right here in the city. Call your realtor or the listing agent today to view.
Beautiful trees on this lot with nice brick home with 4 bedrooms, 2 baths. Property is well-maintained. Enjoy the breezeway between house and garage. Behind the house, there are 14 mobile home spaces that are leased out. Look at the size of this lot. Easy country living right here in the city. Call your realtor or the listing agent today to view.
Beautiful trees on this lot with nice brick home with 4 bedrooms, 2 baths. Property is well-maintained. Enjoy the breezeway between house and garage. Behind the house, there are 14 mobile home spaces that are leased out. Look at the size of this lot. Easy country living right here in the city. Call your realtor or the listing agent today to view.
Crest Mobile Home Park Swainsboro GA Crest Mobile Home Park is located on Highway 80 in Swainsboro Georgia. The property is comprised of 21 lots on 6 acres. Currently 9 lots are occupied by lot renters and 9 are occupied by park-owned mobile homes. 2 of the park-owned homes are occupied.The park-owned homes are generally 1985-1987 models. Additionally there are 3 vacant lots that could house additional homes. The property is served by two wells and individual septic tanks while the streets are composed of a dirt and gravel foundation. The property is managed by a reliable local management company that handles billing, rent collection, maintenance, etc. The property is owned by an out-of-state investor who receives amonthly operating statement and check. Crest Mobile Home Park is a well maintained property with upside potential through increased lot rentals (rents have not been raised in at least five years) and increased revenue by aggressively renting trailers and lots. FINANCIALS Lot rents are extremely low and range from $50 - $75 per lot. There is definite upside for a new onvestor to increase these lot rents )local parks receive around $100 or more for rents). Additionally, water metering would increase revenue. Current Income $11,820.00 Annually Vac Allowance $ Annually Effective Gross $11,820.00 Annually Property Tax $ 700.00 Annually Ad Valorem $ 300.00 Annually Utilities $1800.00 Annually Water Testing $ 1200.00 Annually Maintenance $ Variable Annually Total Expense $ 4,000.00 Annually Net Income $ 7,820.00 Annually POTENTIAL If lots were rented at $100 each the monthly income would be $1100.00. This park and this market will easily stand $125.00 per month on each lot. If all nine homes were rented on an average of $300.00 per month your monthly park-owned home rental would be $2700.00. Total projected gross annual income is $45,600. Sale Price $165,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Crest Mobile Home Park Swainsboro GA Crest Mobile Home Park is located on Highway 80 in Swainsboro Georgia. The property is comprised of 21 lots on 6 acres. Currently 9 lots are occupied by lot renters and 9 are occupied by park-owned mobile homes. 2 of the park-owned homes are occupied.The park-owned homes are generally 1985-1987 models. Additionally there are 3 vacant lots that could house additional homes. The property is served by two wells and individual septic tanks while the streets are composed of a dirt and gravel foundation. The property is managed by a reliable local management company that handles billing, rent collection, maintenance, etc. The property is owned by an out-of-state investor who receives amonthly operating statement and check. Crest Mobile Home Park is a well maintained property with upside potential through increased lot rentals (rents have not been raised in at least five years) and increased revenue by aggressively renting trailers and lots. FINANCIALS Lot rents are extremely low and range from $50 - $75 per lot. There is definite upside for a new onvestor to increase these lot rents )local parks receive around $100 or more for rents). Additionally, water metering would increase revenue. Current Income $11,820.00 Annually Vac Allowance $ Annually Effective Gross $11,820.00 Annually Property Tax $ 700.00 Annually Ad Valorem $ 300.00 Annually Utilities $1800.00 Annually Water Testing $ 1200.00 Annually Maintenance $ Variable Annually Total Expense $ 4,000.00 Annually Net Income $ 7,820.00 Annually POTENTIAL If lots were rented at $100 each the monthly income would be $1100.00. This park and this market will easily stand $125.00 per month on each lot. If all nine homes were rented on an average of $300.00 per month your monthly park-owned home rental would be $2700.00. Total projected gross annual income is $45,600. Sale Price $165,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
6.231 acres consisting of 20 spaces currently. Has just been approved for a RV Park and can be increased to 60 RV spaces. This is a rare find. What makes this park so special is that it is only 15 miles from Plant Vogle and 35 miles from SRS Savannah River site. Both of these plants have just received funding for new reactors and construction. These are long term projects and the construction crews will be looking for places to rent. This property has a paved road and streetlights that are owned and maintained by the city of Sardis. The park has underground power, city water and city sewage. It also has cable televison. This MHP/RVP can be a cash cow with little expense. Currently there are six mobile homes on the property. These homes can either be moved or isolated in one area of the property. Following is the current income and the estimated potential income of this park. CALL FOR DETAILS. Current Income $ 7200.00 Annually Vac Allowance $ n/a Annually Effective Gross $ 7200.00 Annually Property Tax $ 1400.00 Annually Insurance $ none Annually Utilities $ paid by tenant Annually Maintenance $ none Annually Mgt Expense $ none Annually Total Expense $ 1400.00 Annually Net Income $ 5800.00 Annually Potential Income $205,200.00 Annual (60 pads) Vac Allowance $ 51,300.00 (15 pads) Effective Gross $153,900.00 Annual Property Tax $ 1400.00 Annual Insurance $ 1200.00 Annual Electricity $ 35,100.00 Annual Water/Sewer $ 24,300.00 Annual Yard Maintenace $ 3000.00 Annual Total Expense $ 65,000.00 Annual Potential Net Income $ 88,900.00 Annual Price $165,000.00 THIS WILL BE A KEEPER !!! Call Dennis Holley at 478-595-0369 for pricing and other information.
6.231 acres consisting of 20 spaces currently. Has just been approved for a RV Park and can be increased to 60 RV spaces. This is a rare find. What makes this park so special is that it is only 15 miles from Plant Vogle and 35 miles from SRS Savannah River site. Both of these plants have just received funding for new reactors and construction. These are long term projects and the construction crews will be looking for places to rent. This property has a paved road and streetlights that are owned and maintained by the city of Sardis. The park has underground power, city water and city sewage. It also has cable televison. This MHP/RVP can be a cash cow with little expense. Currently there are six mobile homes on the property. These homes can either be moved or isolated in one area of the property. Following is the current income and the estimated potential income of this park. CALL FOR DETAILS. Current Income $ 7200.00 Annually Vac Allowance $ n/a Annually Effective Gross $ 7200.00 Annually Property Tax $ 1400.00 Annually Insurance $ none Annually Utilities $ paid by tenant Annually Maintenance $ none Annually Mgt Expense $ none Annually Total Expense $ 1400.00 Annually Net Income $ 5800.00 Annually Potential Income $205,200.00 Annual (60 pads) Vac Allowance $ 51,300.00 (15 pads) Effective Gross $153,900.00 Annual Property Tax $ 1400.00 Annual Insurance $ 1200.00 Annual Electricity $ 35,100.00 Annual Water/Sewer $ 24,300.00 Annual Yard Maintenace $ 3000.00 Annual Total Expense $ 65,000.00 Annual Potential Net Income $ 88,900.00 Annual Price $165,000.00 THIS WILL BE A KEEPER !!! Call Dennis Holley at 478-595-0369 for pricing and other information.
Wiley's Mobile Home Park Sylvania, GA 43 Pad Mobile Home Park on 17.89 acres High and dry and cleared Presently there are 12 Mobile Homes 8 are rented 8 pads are rented Current Income $ 42,000.00 Annually Property Tax $ 4,920.93 Annually Utilities $ 1500.00 Annually Water Testing $ 1800.00 Annually Yrly Filing w/state $ 400.00 Annually Maintenance $ 2,400.00 Annually Total Expense $ 11,020.93 Annually Net Income $30,979.07 Annually Just Imagine Want a cash cow? This park can be one, with 27 spaces that can be utilized by placing repoed mobile homes purchased at 50% to 60% of NADA value. DO THE MATH and you will see what a great cash on cash return you can receive from this investment. Not just from the property, but from the homes too! Sale Price $295,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Wiley's Mobile Home Park Sylvania, GA 43 Pad Mobile Home Park on 17.89 acres High and dry and cleared Presently there are 12 Mobile Homes 8 are rented 8 pads are rented Current Income $ 42,000.00 Annually Property Tax $ 4,920.93 Annually Utilities $ 1500.00 Annually Water Testing $ 1800.00 Annually Yrly Filing w/state $ 400.00 Annually Maintenance $ 2,400.00 Annually Total Expense $ 11,020.93 Annually Net Income $30,979.07 Annually Just Imagine Want a cash cow? This park can be one, with 27 spaces that can be utilized by placing repoed mobile homes purchased at 50% to 60% of NADA value. DO THE MATH and you will see what a great cash on cash return you can receive from this investment. Not just from the property, but from the homes too! Sale Price $295,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Wildwood Mobile Home Park Vidalia GA Hwy 292 Vidalia, GA 59 Pad MHP with 13.50 acres fronts Hwy 292 48 Pads are rented 11 Vacant 35 Mobile homes included (See attached list) Cap rate (see attached list) Current Income $14,930.00 Monthly Lless Vacancy $13,830.00 Current Expenses $2806.00 Monthly Net income $11,024.00 Monthly This mobile home park has its own water system and septic tanks. Each unit has a water meter to monitor monthly use of water as needed. I have found this park to be one of the cleanest and well managed mobile home parks I’ve seen in a long time. Every park owned unit is in top condition, this is a fine family community. This park is definitely worth your time to see. There are a couple of things we can do to maximize the income potential. 1. Charging for water $20.00 per month 2. Rent increase on the park pads, presently the rent is $110.00, it could be moved to $125.00 easily for the quality of this mobile home park. 3. The park owned homes could be raised $20.00 per month. These changes based on the current tenants would raise the monthly income $1850.00 per month without spending a dime on current tenants. Do not take my word for it come and look at it for your self. With all that is said we have not even considered the 11 additional lots and their potential. This is a rare find. The Park has good traffic surrounded by commercial properties. This is the cleanest, biggest mobile home park in the area. Who ever buys this one will not be inheriting somebody else’s problem. This park is a keeper. Local management available for $450 to $500 per month Sale price $985,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information. This is a renters Market!
Wildwood Mobile Home Park Vidalia GA Hwy 292 Vidalia, GA 59 Pad MHP with 13.50 acres fronts Hwy 292 48 Pads are rented 11 Vacant 35 Mobile homes included (See attached list) Cap rate (see attached list) Current Income $14,930.00 Monthly Lless Vacancy $13,830.00 Current Expenses $2806.00 Monthly Net income $11,024.00 Monthly This mobile home park has its own water system and septic tanks. Each unit has a water meter to monitor monthly use of water as needed. I have found this park to be one of the cleanest and well managed mobile home parks I’ve seen in a long time. Every park owned unit is in top condition, this is a fine family community. This park is definitely worth your time to see. There are a couple of things we can do to maximize the income potential. 1. Charging for water $20.00 per month 2. Rent increase on the park pads, presently the rent is $110.00, it could be moved to $125.00 easily for the quality of this mobile home park. 3. The park owned homes could be raised $20.00 per month. These changes based on the current tenants would raise the monthly income $1850.00 per month without spending a dime on current tenants. Do not take my word for it come and look at it for your self. With all that is said we have not even considered the 11 additional lots and their potential. This is a rare find. The Park has good traffic surrounded by commercial properties. This is the cleanest, biggest mobile home park in the area. Who ever buys this one will not be inheriting somebody else’s problem. This park is a keeper. Local management available for $450 to $500 per month Sale price $985,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information. This is a renters Market!
Happy Lane Mobile Home Park Dublin GA This property includes 16 mobile homes, 8 acres, 1 16x20 shop with rollup door, 1 16x20 attached shelter on side and 1 16x10 shelter on back. There are 2 8x10 storage buildings and 1 12x60 storage building. Property has 3 deep wells, some paved streets, security lighting, cable T.V. and trash service. This property will not be sold seperately. It must be purchased as a package with J.T. Lane, Brantley MHP. The package price is $700,000.00. (We'll throw the Pine Street Apartments in to sweeten the deal). Current Income $58,632.00 Annually Vac Allowance $ 5,863.00 Annually Effective Gross $52,769 Annually Property Tax $ 1,500.00 Annually Insurance $ 1,000.00 Annually Utilities $ 800.00 Annually Maintenance $ 1,500.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 5,400.00 Annually Net Income $47,369.00 Annually Sale Price $295,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Happy Lane Mobile Home Park Dublin GA This property includes 16 mobile homes, 8 acres, 1 16x20 shop with rollup door, 1 16x20 attached shelter on side and 1 16x10 shelter on back. There are 2 8x10 storage buildings and 1 12x60 storage building. Property has 3 deep wells, some paved streets, security lighting, cable T.V. and trash service. This property will not be sold seperately. It must be purchased as a package with J.T. Lane, Brantley MHP. The package price is $700,000.00. (We'll throw the Pine Street Apartments in to sweeten the deal). Current Income $58,632.00 Annually Vac Allowance $ 5,863.00 Annually Effective Gross $52,769 Annually Property Tax $ 1,500.00 Annually Insurance $ 1,000.00 Annually Utilities $ 800.00 Annually Maintenance $ 1,500.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 5,400.00 Annually Net Income $47,369.00 Annually Sale Price $295,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Brantley Mobile Home Park East Dublin GA Brantley Road, East Dublin GA This property consists of 8 homes sitting on 4 acres. Property is 2 miles from East Laurens School Complex and offers fire protection from the Brewton Fire Department. Property is approxmately 1/4 mile off Brewton-Lovett Road. With a little clean-up this would make a solid income producer. Current Income $31,800.00 Annually Vac Allowance $ 3,180.00 Annually Effective Gross $28,620.00 Annually Property Tax $ 700.00 Annually Insurance $ 600.00 Annually Utilities $ 600.00 Annually Maintenance $ 900.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 3,400.00 Annually Net Income $25,220.00 Annually Sale Price $185,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Brantley Mobile Home Park East Dublin GA Brantley Road, East Dublin GA This property consists of 8 homes sitting on 4 acres. Property is 2 miles from East Laurens School Complex and offers fire protection from the Brewton Fire Department. Property is approxmately 1/4 mile off Brewton-Lovett Road. With a little clean-up this would make a solid income producer. Current Income $31,800.00 Annually Vac Allowance $ 3,180.00 Annually Effective Gross $28,620.00 Annually Property Tax $ 700.00 Annually Insurance $ 600.00 Annually Utilities $ 600.00 Annually Maintenance $ 900.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 3,400.00 Annually Net Income $25,220.00 Annually Sale Price $185,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
J.T. Lane Mobile Home Park East Dublin, GA HERE IT IS! Four Acres, 9 Homes, 1 rented lot, 1 well Local Management available Tenants Pay all their own utilities Fire Protection from Brewton Fire Department Convienience Store 100 feet from park Current Income $37,980.00 Annually Vac Allowance $ 3,798.00 Annually Effective Gross $34,182.00 Annually Property Tax $ 700.00 Annually Insurance $ 600.00 Annually Utilities $ 600.00 Annually Maintenance $ 900.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 3,400.00 Annually Net Income $30,782.00 Annually Price $195,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
J.T. Lane Mobile Home Park East Dublin, GA HERE IT IS! Four Acres, 9 Homes, 1 rented lot, 1 well Local Management available Tenants Pay all their own utilities Fire Protection from Brewton Fire Department Convienience Store 100 feet from park Current Income $37,980.00 Annually Vac Allowance $ 3,798.00 Annually Effective Gross $34,182.00 Annually Property Tax $ 700.00 Annually Insurance $ 600.00 Annually Utilities $ 600.00 Annually Maintenance $ 900.00 Annually Mgt Expense $ 600.00 Annually Total Expense $ 3,400.00 Annually Net Income $30,782.00 Annually Price $195,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information.
Mobile Home Park Dexter GA Current Income $2100.00 Monthly Current Expenses $227.50 Monthly Net income $1872.00 Monthly Very Clean Mobile Home Park situated on 9.5 acres with paved road frontage. This property includes 6 mobile homes (see pics), two (2) wells and 1 lot with water and sewage. You can put two more lots in to make a total of 9. There are currently 7 septic tanks. 5 of the 7 are less than 5 years old. Wells are less than 5 years old. All 6 mobile homes are presently leased. GREAT LOCATION 2 1/2 miles from new West Laurens High School. Call me and I'll show you how to maximize this park's potential. Sale price $155,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information. This is a renters Market!
Mobile Home Park Dexter GA Current Income $2100.00 Monthly Current Expenses $227.50 Monthly Net income $1872.00 Monthly Very Clean Mobile Home Park situated on 9.5 acres with paved road frontage. This property includes 6 mobile homes (see pics), two (2) wells and 1 lot with water and sewage. You can put two more lots in to make a total of 9. There are currently 7 septic tanks. 5 of the 7 are less than 5 years old. Wells are less than 5 years old. All 6 mobile homes are presently leased. GREAT LOCATION 2 1/2 miles from new West Laurens High School. Call me and I'll show you how to maximize this park's potential. Sale price $155,000.00 Call Dennis Holley at 478-595-0369 for pricing and other information. This is a renters Market!
Mobile Home Park Sylvania GA Current: 33 Pad Mobile Home Park with 30 acres Nice Pond and homesite Approximately $14,000 timber (cruised 5 years ago) Paved Road Frontage This Park has GREAT potential 19 Pads Rented $2375.00 Monthly Pad Rental $125.00 Monthly Total Current Income: $2375.00 Monthly Property Taxes $1601.34.00 Annually This property has city water and individual septic tanks. It's high and dry, has cable T.V. and fire protection. Tenants are responsible for all utilities except water. I know this park very well. We can increase the income by charging for water and placing used, single-wide repos on the empty lots. The income on this property can be significantly increased and cash-on-cash return on the repos would be very favorable. Sale Price $185,000.00 Call Dennis Holley at 478-595-0369
12 Mobile Home Park portfolio (1,545 spaces) in the Oklahoma City area, can be purchased individually or as a portfolio. OKC,El Reno, Yukon, Midwest City, Choctaw and Norman,throughout the metro area. From 58-334 spaces. $14,935/space, 9.25% cap, 7.14x gross,84% average occupancy, average rent of $205, only 6% of the spaces are RV's and only 2 % are park-owned homes. Rents go up about every year and will increase March 1,2010 on 6 parks to increase income $156,000. There are 66 notes that bring in $220,236.