Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 123029
- Posted On: Mar 13, 2012
- Updated On: Sep 9, 2012
Description
Mobile Home Park -OWNER Finance
27 Lots
21 Trailers Included
3 Houses
1 Laundry Mat
2 Vacant Lots (Future build or storage units)
All are at the same location. One lot short of being an entire city block. This park has been approved for Ms. FEMA cottages.
No flooding.
Financials: Available by request.
Asking Price: $400,000
Down payment: 20%
Interest Rate: 7%
Amortized: 20-30 Years
Balloon out at: 5-10 Years
For more information email the owner.
Location
Between 24th and 23rd Streets, and between 16th and 17th Avenue.
Use 2301 16th Avenue Gulfport, MS 39501 then go North and west on that block.
Amenities
- Handicap Accessible
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 50.0 % |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $67 |
| Operating Expense: | $30 |
| Net Operating Income: | $35 |
| Expense Ratio: | 44.8 % |
Lot Information
| Singlewide Lots: | 27 |
| 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: | 3 |
| Average Rent for Park-owned Homes: | $500 |