Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Property ID: 1007306
  • Posted On: Nov 12, 2018
  • Updated On: Jun 11, 2019

Property Description

The beautiful MHP offers a great opportunity for the Investor seeking to earn a significant return. The park currently being operated by the owner who is elderly and can no longer manage the park, losing tenants and revenue.
This park offers:

· 4-acres
· 19-spaces
· 14-POM
· 4-Park Owned RV (Must be Replaced with MH Units)
· County Water
· Septic (2-Tanks Serviced every 6 months)
· 50% Occupancy

This property includes a waterfront park area for the tenants, complete with 5 bridges providing access across the creek.

Park is in great condition but needs some minimal cosmetic work.

There are four park owned RV on site included with this sale. The RV’s are in good condition. The new owner may want to sell these units or move them to another location.

Financing: The seller will accept a cash offer or provide Seller Financing to a qualified purchaser.

Seller Financing will include:

· 75% LTV (25% Down Payment)
· 5.5% Interest Rate
· 25-Year Amortization
· 5-Year Balloon

Proof of Funds must accompany all offers!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 50.0 %
Year Built: 1978
Average MH Lot Rent: $400
Size: 4.0 acre(s)

Lot Information

Singlewide Lots: 19

Utility Information

Water: City
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 15

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