Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $250,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.1%
  • Property ID: 1002504
  • Posted On: Oct 26, 2018
  • Updated On: Jun 10, 2021

Property Description

For More Info: https://www.dropbox.com/sh/8zugcfz6abdvxde/AAAojyWjSEU_xAPE3SrDhou6a?dl=0
A quaint 19 lot community nestled on the banks of a stocked pond in Aberdeen MS. 50K down buys you this park. Owner will finance 200k at 7,2 % 5 years. City Water and City Sewer. Everything is direct bill to the tenant. Bring in some new homes, pave the roads, increase the lot rents and you could have solid community. This park originally had small cabins surrounding the pond. Unfortunately this park has succumb to age and needs someone to come in and revitalize this community.. It has good bones and just need homes.

Location

level with pond

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 74.0 %
Average MH Lot Rent: $250
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $50,460
Operating Expense $22,407
Net Operating Income $27,753
Expense Ratio 44.4 %
Debt Info

Lot Information

Singlewide Lots: 14
Doublewide Lots: 5

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $450

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