Single-family Ranch House
House Kitchen
Park Entrance (Garrett Rd.)
Back of Park_Looking towards Entrance
Lot 14
Backyard_Hwy 39 House
Lots 7 & 8
Well (#1) House
House yard & Hwy 39 frontage
Elementary School just down the road
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.1%
- Listing ID: 1096635
- Posted On: Jun 20, 2019
- Updated On: Jan 2, 2020
Description
11 Acres - Two adjacent parcels (9 ac. & 2 ac.)
1400 SF Ranch Home - recently refreshed (new carpet, luxury vinyl plank, interior paint
15 Improved mobile home sites (1/2 ac. each) - NO PARK-OWNED HOMES!
2 Wells (public water available)
Individual on-site septic systems for house and each lot. (no sharing)
LOW EXPENSES; STABLE TENANTS
2020 Pro Forma (lot rent $225; house rent $790_
Gross Rent: $47,640
Expenses: $8,920 (with management fee)
NOI: $38,720
***DO NOT ENTER THE PARK WITHOUT AN APPOINTMENT OR BOTHER MY TENANTS! I have not disclosed a possible sale to them and need to be the one who shares that news!***
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $210 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $47,640 |
| Operating Expense: | $8,920 |
| Net Operating Income: | $38,720 |
| Expense Ratio: | 18.7 % |
| Debt Info: | Bank |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
