Contact Information

Rick Hodge

Park Holdings Inc

Mobile Home Park Details

  • Price: $149,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1189772
  • Posted On: Feb 12, 2020
  • Updated On: Feb 12, 2020

Property Description

Twisted Oaks is comprised of 7 homes that are tenant owned, 1 home that is lease to own, and 1 home that is a rental. There are three homes on site that need rehabbed. The park has 5 vacant lots that can be infilled and there is additional vacant land that can be utilized to add 7 + additional pad sites. Lot rent is $285 per month. This includes water and trash service. NOI is $25,082. Property taxes are $850 per year. Water and sewer average $600 per month. Trash is $85 per month. This park provides someone with a great opportunity to infill, expand, and increase operating profits.

Location

31st and Clifton, south on Clifton, turn right to enter the park.

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Park Information

Number of MH Lots: 14
Total Occupancy: 64.0 %
Year Built: 1954
Average MH Lot Rent: $285
Size: 2.5 acre(s)

Financial Information (Actual)

Gross Income $34,152
Operating Expense $9,070
Net Operating Income $25,082
Expense Ratio 26.6 %
Debt Info

Lot Information

Singlewide Lots: 14
Doublewide Lots: 0
Triplewide Lots: 0
Park Model 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: $450