Contact Information

Mobile Home Park Details

  • Price: $499,000
  • Cap Rate: 10.4%
  • Property ID: 1145599
  • Posted On: Oct 17, 2019
  • Updated On: Dec 12, 2019

Property 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: 3.7 acre(s)

Financial Information

Gross Income $72,000
Operating Expense $22,418
Net Operating Income $49,581
Expense Ratio 31.1 %
Debt Info

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

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