Contact Information

Mobile Home Park Details

  • Price: $1,150,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1189673
  • Posted On: Feb 11, 2020
  • Updated On: Feb 12, 2020

Property Description

This park has 27 spaces and is occupied with 25 single wide homes. The majority are tenant owned, but one or two are sold on rent to own contracts.

The space rent is $400 to $425/mo and the park pays for all water, sewer, irrigation and trash which is provided by the city of Lewiston. Tenants pay their own gas/electric.

Park is professionally managed by a local property management company for a fixed percentage of rents.

Owner may finance by carrying a small second.

Amenities

  • Storage
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Park Information

Number of MH Lots: 27
Total Occupancy: 92.6 %
Year Built: 1978
Average MH Lot Rent: $425
Size: 2.0 acre(s)

Financial Information (Pro Forma)

Gross Income $127,500
Operating Expense $40,650
Net Operating Income $86,850
Expense Ratio 31.9 %
Debt Info

Lot Information

Singlewide Lots: 27
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $650

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