Entrance of Mobile Home Park
Pic of Mobile Home Park
new mail boxes
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.5%
- Listing ID: 1003247
- Posted On: Oct 30, 2018
- Updated On: Feb 4, 2019
Description
Absolutely BEAUTIFUL park with everything you can ask for such as INDIVIDUAL WATER METERS so there’s NO Park water bill it’s billed straight from city to tenants
61 total lots currently has 17 park owned homes at an average of $450/ mo and an additional 25 lot rents at $175/ea
So with 19 empty lots there is HUGE UPSIDE by adding park owned homes
Extra wide PAVED ROADS with ea lot having it’s own off street parking pad
All new mail boxes (2018) approximately $7,000.00
Located in a PREMIER SCHOOL DISTRICT and in a growing area
Can also provide professional management and help with procurement and home placements
So
This is a truly a VERY RARE FIND!!
Call Chris 256-525-9149
BEST DEAL I’ve SEEN IN A LONG TIME !!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 61 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $175 |
| Size: | 22 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $133,500 |
| Operating Expense: | $35,000 |
| Net Operating Income: | $98,500 |
| Expense Ratio: | 26.2 % |
Lot Information
| Singlewide Lots: | 50 |
| Doublewide Lots: | 11 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $450 |