Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 1233612
- Posted On: Mar 23, 2020
- Updated On: Jun 15, 2020
Description
Mobile home park with 15 MH lots. Also includes 2 homes currently rented a 3rd house used for storage.
Mobile home park is adjacent to an additional 6.5 acres+/- which is also for sale for possible expansion
Location
Park located in Mitchell, SD(in city limits) and approximately 1/2 mile from Interstate I-90
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $140 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $38,015 |
| Operating Expense: | $22,333 |
| Net Operating Income: | $15,682 |
| Expense Ratio: | 58.7 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 15 |
| 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: | 0 |
| Average Rent for Park-owned Homes: | $140 |
