Mobile Home Park For Sale In Joplin, Missouri

Turkey Creek Mobile Home Park
Joplin, MO

 

Park Information

86 Lots

41 Park Owned

8 Vacant Lots

Owner’s House

This extremely nice mobile home park is only 19 years old and has been very well manicured. Located on the edge of town, this park offers all city utilities including City Water & City Sewer, natural Gas & Electric. The park pays for the trash only. All of the utilities are metered and billed direct to the tenant.

All of the roads are blacktop and there is off-street parking for the tenants. There are 3 street lights which are owned by the electric company. Mail is delivered to a multiple delivery site at the entrance to the park. The park owns 41 of the mobile units and they are in excellent condition. Attached to this packet is a copy of the park owned mobiles showing the year, size manufacture name, number of bedrooms, lot number, and Retail Value of each unit, which totals $969,191.00

Extra amenities include a very plush, brick,  2,456 sq.ft ranch home featuring 3 bedrooms, 2 ½ baths, 2 car attached garage & 1 car detached garage, & 40x60 shop and storage building. 

 

Incometalcks:             $161,637.00
Rental Income Cash	$91,511.00
Chris Rentals(owner son)	$20,460.00
Mobile Home Sale	$ 2,500.00
Total Rental Income $276,108.00	$276,108.00
Expense
Advertising	$2,884.00
Appliances	$   594.00
Bad Check charge back	$4,545.00
Bank Charges	$        8.00
Eviction Expense	$   328.00
Insurance	$8,396.00
New air-conditioner	$1,516.00
Office phone	$   773.00
Office Supplies	$   792.00
Professional Services	$   195.00
Property Improvement	$   488.00
Property Taxes	$4,527.00
Refund Rent	$2,602.00
Repair Materials	$7,245.00
Trash	$4,616.00
Utilities	$2,640.00
Total Expense  $43,181.00	$43,181.00
N.O.I	$230,427.00
CAP RATE	8.2%
Cash on Cash	9.1%

Price: $2,800,000 

To View Pictures of Park Click Here