Contact Information

Michael Kennedy

Century 21 Vanguard

Mobile Home Park Details

  • Price: $179,990
  • Purchase Method: Cash, New Loan
  • Property ID: 1188489
  • Posted On: Feb 7, 2020
  • Updated On: Feb 7, 2020

Property Description

Development Opportunity! 1125 Chappell Creek has 3 units on over 10 acres flat, ready to develop land in Hopkins, SC. Existing units occupy less than 1 acre. The remainder can be used as single family home sites, a park expansion or left raw to appreciate in value. Existing cash flow will more than cover expansion. All units are park owned. Existing well can supply additional units. Park and units are well kept and have virtually no deferred maintenance. Property is professionally managed and tenants are rigorously screened.

Amenities

  • Storage
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Park Information

Number of MH Lots: 3
Total Occupancy: 100.0 %
Size: 10 acre(s)

Financial Information (Actual)

Gross Income $22,770
Operating Expense $3,722
Net Operating Income $19,048
Expense Ratio 16.3 %
Debt Info

Lot Information

Singlewide Lots: 3

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3

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