Contact Information

Mobile Home Park Details

  • Price: Call for Price
  • Purchase Method: Seller Financing
  • Property ID: 1271104
  • Posted On: Jun 14, 2020
  • Updated On: Jun 16, 2020

Property Description

Large park in a great market with huge upside! Only 55 of 146 pads are occupied (only 4 POH). There is about 2-2.5 million of upside by filling homes. If you are comfortable with private utilities (well and waste water treatment plant), this is the perfect park for you. On the plus side, the owner has recently put in $100k to the WWTP to bring it into compliance with environmental agencies. Make an offer today!
Metro Population: 377k
Metro Median Income: 54k
Metro Median Home Price: 114k
Water/Sewer: Well/WWTP
2-Bed Rents: 695
3-Bed Rents: 970
Walmart: 10 minute drive
Seller Financing at the following terms:
5% interest, 25% down, 30 year amortization, 10 year term with ability to buy a 5 year extension for 50k, which pays down the principle balance.

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Park Information

Community Type: All Age
Number of MH Lots: 146
Total Occupancy: 37.7 %
Average MH Lot Rent: $300
Size: 20 acre(s)

Financial Information (Actual)

Gross Income $198,000
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 4

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