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

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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

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