Contact Information

Mobile Home Park Details

  • Price: $500,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1189564
  • Posted On: Feb 10, 2020
  • Updated On: Feb 13, 2020

Property Description

24 lot Mobile Home Park
16 Park own mobile homes
3 Lot rent
5- vacant pads all utilities ready
Park has been upgraded in the past year
All mobile homes have been remodel
15 Park own mobile homes are rented
Has 12x24 maintenance barn

Location

In town limits of Forest City N C
Great town with plenty of jobs

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 90.0 %
Year Built: 1970
Average MH Lot Rent: $250
Size: 4.6 acre(s)

Financial Information (Actual)

Gross Income $75,000
Operating Expense $12,000
Net Operating Income $66,000
Expense Ratio 16.0 %
Debt Info Inquire

Lot Information

Singlewide Lots: 24
Doublewide Lots: 0
Triplewide Lots: 0

RV Information

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

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $500

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