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Mobile Home Park Details

  • Price: $535,000
  • Property ID: 1114429
  • Posted On: Aug 1, 2019
  • Updated On: Nov 21, 2019

Property Description

7 Trailers over 40 acres offered at $535k; 6 3-bed/2-baths averaging $640/unit and 1 2-bed/2-bath at $500/month - all units are park-owned with good-quality, long-term tenants (somes over 12 years); each unit is occupied. Average age of the homes range from '92-'06. 2 commercial use buildings onsite; one is a 480 SF storage building with 4 10'x12' storage units ($60/month) and the other is a 30'x30' shop totaling 900 SF ($200/month). Property grosses $4,585 each month, or $55,020 per year.

Location

6 of the homes are set on the eastern front of the parcel and the 7th is on the other side of the property, on the northwestern front, and has a 10'x16' porch add-on. Of the 6 eastern-front homes, all are on a septic system and 2 are serviced by a well, while the other 4 and the 7th home are connected to rural water; the 7th home to the west has a dedicated septic tank with lateral lines, also EPA approved. Owner does recover water expenditures on the four homes hooked to rural water; these homes are metered and billed for usage. Electric is sub-metered at each of the 7 sites and directly-billed to the residents. 3 underground storm shelters included as well. 2 are in close proximity of the 6 mobiles and the third is near the 7th trailer.

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Park Information

Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 2000
Size: 40.0 acre(s)

Park-Owned Homes

Number of Park-owned Homes: 7

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