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, New Loan
- Cap Rate: 9.0%
- Listing ID: 1063430
- Posted On: Apr 26, 2019
- Updated On: Jun 25, 2019
Description
This is a 55+ mobile home park located on 6.95 acres with 32 mobile home spaces and 2 RV spaces. The lots are large with some doublewide spaces. There are 12 park owned mobile homes plus the doublewide mobile home used as an office at the front of the park, 19 spaces for tenant owned homes and 2 RV spaces. Clubhouse and pool.
The park has two large central septic systems and has a deep well for water. Roads are asphalt paved and homes have concrete driveways and screened rooms.
Location
Park is located in a booming area with strong development all around. There is a new Walmart store and McDonalds restaurant just across the street. Upscale Black Diamond golf course and community nearby.
Amenities
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 34 |
| Total Occupancy: | 85.0 % |
| Average MH Lot Rent: | $370 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $157 |
| Operating Expense: | $50 |
| Net Operating Income: | $107 |
| Expense Ratio: | 31.8 % |
Lot Information
| Singlewide Lots: | 26 |
| Doublewide Lots: | 6 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $537 |
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