Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1267130
  • Posted On: Jun 5, 2020
  • Updated On: Jun 4, 2021

Description

NEW - PRICE DROP - Price includes 48 POH (18 vacant) & 5 mortgage notes + office trailer. Several homes mfr'd 2015 & later.
Excellent stabilized value-add opportunity. New water and sewer lines installed park-wide in 2013. (City provides water/sewer service). Water submetered and billed back. Polycart trash pickup. Approvals for RV lots on empty lots on 400-row (see map). Videos available @ https://drive.google.com/drive/folders/1T6crz9luQw9-B0aLMlZKKB7EockniGc-?usp=sharing

Location

New "bike-friendly" street improvement running in front of park. Half-mile from Walmart superstore.

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Park Information

Community Type: All Age
Number of MH Lots: 101
Total Occupancy: 50.0 %
Year Built: 1980
Average MH Lot Rent: $295
Size: 12 acre(s)

Financial Information

Debt Info: No debt. For remaining info, see uploaded financials document PDF.

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 48
Average Rent for Park-owned Homes: $430