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
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.4%
- Listing ID: 1145599
- Posted On: Oct 17, 2019
- Updated On: Feb 6, 2020
Description
JTACR is pleased to present Eve Mobile Home Park for sale.
EVE MOBILE HOME PARK IS A 19 UNIT COMPLEX CONSISTING OF ALL LONG TERM TENANTS.
THE PARK HAS BEEN OPERATIONAL SINCE BEFORE 2007.
RECENT REPAIRS AND UPDATES INCLUDE: NEW PIPES FOR SEPTIC TANKS, NEW SEPTIC TANKS,SHEETROCK REPAIRS, REMOVAL OF OLD SHEDS, TREE TRIMMING AND REMOVAL, AND LEVELING THE DRIVEWAY.
THE PARK HAS CITY WATER AND SEPTIC
MANAGEMENT IS ON SITE
SOME VALUE ADD OPTIONS:
-Rent hasn't been raised in 4 years
-There are two vacancies that can be filled
-Charge back water and garbage to tenants
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 90.0 % |
| Year Built: | 2007 |
| Average MH Lot Rent: | $250 |
| Size: | 4 acre(s) |
Financial Information
| Gross Income: | $72,000 |
| Operating Expense: | $22,418 |
| Net Operating Income: | $49,581 |
| Expense Ratio: | 31.1 % |
Lot Information
| Singlewide Lots: | 19 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $500 |
