Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 17.0%
- Listing ID: 101477
- Posted On: Jul 8, 2011
- Updated On: Nov 6, 2017
Description
18 acre formery had 50 pads but now only using about 40, and mostly low end rental units. Park is grossing about 72k/yr. and netting around $60k. Park has sep/metered water and all other utils..park is on septic tanks....owner is asking $325,000k cash....THIS PARK HAS HUGE UPSIDE as another 10 pads can be hooked up to the park....price is firm! as this is a real deal at this time....12 cap, folks!! call me, barry
Location
For more photos, see my site at http://www.emcparks.com
Amenities
- Pool
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Year Built: | 1970 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $73 |
| Net Operating Income: | $60 |
Lot Information
| Singlewide Lots: | 96 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 43 |
| Average Rent for Park-owned Homes: | $375 |