Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 11.0%
  • Listing ID: 1807001
  • Posted On: Sep 8, 2022
  • Updated On: Oct 31, 2022

Description

Great Location. High traffic count two miles from Columbus/Phenix City Bypass. Price Reduced $100k. Seller will finance with 50% down. 37 pads with 20 vacant lots and 1 vacant home. Ready to Rent. Just rented the other one for $650 and getting lots of activity on the other home. Excellent Value Add Opportunity in a great location.

Location

Great location 2 miles from the Phenix City, AL, Columbus, GA western bypass. Very populated with Good Retail nearby. Great Traffic count.

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Park Information

Community Type: All Age
Number of MH Lots: 37
Total Occupancy: 43.0 %
Year Built: 1970
Average MH Lot Rent: $175
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income: $81,585
Operating Expense: $44,554
Net Operating Income: $65,113
Expense Ratio: 54.6 %
Debt Info: none

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $150

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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