Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Listing ID: 1034281
  • Posted On: Feb 19, 2019
  • Updated On: Jun 13, 2019

Description

Serinity MH Community, 35 LOTS ON CITY WATER AND CITY SEWER. $350k Yes, the income does not justify the price. You are buying a value added community. There are 35 lots on city water and city sewer, a rarity. Everything is billed to the tenant from the city. You have no utilities. Presently there are 8 tenants with 7 TOH. Lot rents are far below national average, $150. There is HUGE upside to this deal by bringing in new homes and paving roads. Let me show you how to create a $1.1M valuation in this community, not including the value of the new homes. To be successful, you will need at least $300K CAPX. $270k to purchase homes, $10k dwn and $25K for paving. This park cannot be banked. I can show you how to get homes direct from the factory, delivered, set, blocked and leveled for around 10K dwn. For More Info Click Here..
https://www.surveygizmo.com/s3/5008214/Response

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

Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 75.0 %
Average MH Lot Rent: $150
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income: $14,400
Operating Expense: $3,600
Net Operating Income: $10,800
Expense Ratio: 25.0 %

Lot Information

Singlewide Lots: 8

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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