Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 1130334
  • Posted On: Sep 6, 2019
  • Updated On: Jan 6, 2020

Property Description

10 acres with 30 lot rent only and 3 park owned homes available for sale. Park was acquired "as is" includes many improvements and includes additional lots for future potential. Improvements of the park include, road improvements, mobile home renovations, rent increases, upgraded infrastructure and lot rent conversations. Quiet and safe park with many long term tenants who mostly deposit directly to the bank, so easy collection process. Sellers will share network

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Park Information

Number of MH Lots: 45
Average MH Lot Rent: $200
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income $8,000
Operating Expense $22
Net Operating Income $6,240
Expense Ratio 0.3 %
Debt Info

Lot Information

Singlewide Lots: 45

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $500

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