Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Property ID: 1150744
  • Posted On: Oct 31, 2019
  • Updated On: Feb 11, 2020

Property Description

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OWNER FINANCING WITH 100K DOWN. A perfect little starter park with huge upside in value. Mom and pop park. Will probably need to be all cash.
16 TOH, 3 POH,(2 demo's), 11 VL.
7.5 acres.
Year Built 1972
All underground utilities.
Med Income 56k
Taxes: $523.29 (2018)
Zoning: R-3,Direct Billed Utilities
7 Street lights
Adjacent land available (7 AC), ideal for mobile home park expansion.
Walking distance to downtown
Road Frontage in the front and back of property
Lot rent $145
No leases
No increase in 5 years
Community Health Center adjacent to park.
Plenty of industry and factories in the area to support park.
Present gross $33,420. Potential gross $143,400. Let me me show you how to get there..


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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 85.0 %
Year Built: 1972
Average MH Lot Rent: $145
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $33,420
Operating Expense $5,503
Net Operating Income $27,917
Expense Ratio 16.5 %
Debt Info none

Lot Information

Singlewide Lots: 30

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $600

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