Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1150744
- Posted On: Oct 31, 2019
- Updated On: Feb 11, 2020
Description
Further information i.e. rent roll, etc.. copy and paste into your address bar.
https://www.dropbox.com/sh/1bedxy2r5ojr0q3/AADRWebeAGzK8njw3K8IhJKqa?dl=0
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..
Amenities
- Storage
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 |
