Contact Information

Mobile Home Park Details

  • Price: $479,000
  • Purchase Method: Seller Financing
  • Property ID: 1049704
  • Posted on Apr 5, 2019

Property Description

Turn Key 20 Space mobile home park with upside potential for the new owner. Never raised the rents in 7+ years.

Back on the market.

Purchase Price $475,000 Down Payment $275,000 Seller Carry Note $200,000 Terms: Fully Amortized over 10 years 7% Interest Est. Monthly Payment: $2,300

Why Selling?... Partnership forces sale. Having said that we currently don’t have the following: • Completed Taxes • 2 Year P&L

100% of the Due Diligence we have can be found on this link: https://www.dropbox.com/sh/ybn1rwgnku5rfz0/AAC4tEub5iAdtVpBo1JkdbZqa?dl=0

Cottonwood MHP has a total of: 17 Tenant Owned Homes (Long Term Residents) 1 Vacant Home 1 Vacant Space ready for a new home 1 Apartment

Park is licensed for 20 spaces.

Nearly 100% of the residents have lived there for 10+ years. 100% Tennant Owned Homes

Residents have been trained to deposit rents directly to Wells Fargo (a few blocks from the park).

Very high percentage of farm workers / Spanish speaking (Excellent at paying).

**Proof of down payment required prior to consideration**

Contact Tony Ferris Tony@parkplaceedu.com

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 95.0 %
Year Built: 1978
Average MH Lot Rent: $255
Size: 1.9 acre(s)

Lot Information

Singlewide Lots: 19
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $255

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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