Contact Information

Mobile Home Park Details

  • Price: $349,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1180842
  • Posted On: Jan 19, 2020
  • Updated On: Jan 19, 2020

Property Description

Lots = 22
With homes = 18
Park owned home currently vacant = 1
Average lot rent $199
Water/Sewer paid by owner

This park is located in a fantastic area in the heart of Quincy. This park has a lot of long time residents who all own their own trailers besides the one park owned home. The park owned home is in need of around 5k-8k of renovations and should rent for an additional $600+ of rent. The largest monthly expense of this park is the water which is paid by the owner. The owner plans to sub meter water sometime this spring/summer. Currently the water bill is running around 9k a year. Gas and electric is sub metered and paid for by tenants.

There is currently an onsite manager who is responsible for daily upkeep and rent collections. They receive free lot rent for their services.

Location

Located in the heart of Quincy this park sits in a very quiet area. The park butts up to the back of a Pizza hut and a brand new gas station/market has been built adjacent to it.

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 81.0 %
Average MH Lot Rent: $199
Size: 1.7 acre(s)

Financial Information

Gross Income $38,226
Debt Info

Lot Information

Singlewide Lots: 22
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1

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