Contact Information

Tony Wood

Woodhaven Mobile Home Park

Mobile Home Park Details

  • Price: $375,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1175659
  • Posted On: Jan 2, 2020
  • Updated On: Mar 10, 2020

Property Description

Apprasial completed within the last month shows the following Income Approach - $540,000
Sales Comparison Approach - $420,000
Market Value $500,000
Based on the appraisal I have a local bank is willing to loan $375,000 at 6% on the property.
I can supply you the entire appraisal and connect you with the bank. See attachment for 1 page of the appraisal.
8 acre park (half wooded and half with home lots).
7 homes currently with 6 lot rents and 1 POH at $500 month for another 18 months.
Park completely renovated in 2019 and ready to receive homes. All 15 septic's located and cleaned, all electrical upgraded to 200 amp service. New gravel, mailboxes, sites prepped. 14 trash homes were removed and the park was renamed. Maintenance man lives on site and removes all trash and cuts all grass.

Location

Opportunity Zone in Hurt Virginia.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 25.0 %
Year Built: 1970
Average MH Lot Rent: $200
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $20,400
Operating Expense $3,600
Net Operating Income $16,800
Expense Ratio 17.6 %
Debt Info

Lot Information

Singlewide Lots: 28
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $500

Download Documents

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