Photo of Land Lease Community
Photo of Land Lease Community
Photo of Land Lease Community

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 0.0%
  • Listing ID: 104975
  • Posted On: Sep 2, 2011
  • Updated On: Dec 7, 2011

Description

Developed mobile home park with 29.64 acres. 18 improved sites, all-weather established roads. Park comes with 29.64 ares, 18 improved sites, 3 current tenants paying $150/month. This property has been approved for 50 sites. Contact Nathan at United Country Roth Realty at 870-715-2060 for add. info.

There are 5 sites currently occupied. 3 of them are lot rental tenants who pay $160 per month. The owner has had as many as 14 lot tenants but has decided to move close to family. The owner lives in an occupied site on the property in a 1600 square foot manufactured home that is very nice with an added sunroom.

The owner also owns another 1600 square foot manufactured home on the property that he rents out for $550 a month. The 3200 square foot shop has an RV hookup on the inside as well a heated/cooled finished office with water and facilities. More land and sites are available at this location. Owner would consider financing this property for you.

The other 15 sites are unoccupied at the present but would be ideal for nice manufactured homes to move in immediately. Each set of 4 sites has its own septic tank that is connected to the main sewer line running to the sewer treatment facility on the north end of the property. It is currently tested quarterly by local officials to ensure safety and proper sewer function.

There are beautiful views of the surrounding area and mountains. There is a mile drive from the park to Beaver Creek which runs to Bull Shoals Lake about 1 mile from the property. There are excellent opportunities for hiking, kayaking, horseback riding, fishing, canoeing, etc in the national park adjacent to this property.

Location

Hwy 160 E. from Forsyth; turn S. on Hwy 160 thru Kissee Mills past bridge at Beaver Creek. turn Lt on Cross Timbers Rd & turn Rt into park at sign.
Legal: 29.64 acres m/l, Tany Co., MO. On file in office.

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: 15.0 %
Year Built: 1995
Average MH Lot Rent: $160
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $1,200
Operating Expense: $50
Net Operating Income: $1,150
Expense Ratio: 4.2 %
Debt Info: Small mortgage

Lot Information

Doublewide Lots: 20

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $100

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $550