Contact Information
Mobile Home Park Details
- Price: $720,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.3%
- Property ID: 1253570
- Posted On: May 10, 2020
- Updated On: May 10, 2020
Property Description
12 pad lot rental Mobile Home Park. Property owner does not own mobile homes or have the responsibility to repair and maintain mobile homes. These mobile homes are tenant owned homes and the tenants pay a lot fee of $600 a month to the property owner. Owners responsibilities are to maintain the well which is new and the septic system which is in great shape. New pump has been installed on lift station for the styptic system. This is a Turn key mobile home park that is easy to operate as an out of town owner.
Land, Site, and Tax Information
Location
Massive neighborhoods are being developed all around this property. 5.64 Acres
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1999 |
| Average MH Lot Rent: | $600 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income | $86,400 |
| Operating Expense | $11,475 |
| Net Operating Income | $74,925 |
| Expense Ratio | 13.3 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 12 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Download Documents
Other Listings by Austin Pennington
Similar Mobile Home Parks for Sale
All Age Community
41 Lots
