Contact Information

P

Parks Unlimited LLC

Mobile Home Park Details

  • Price: $335,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.0%
  • Property ID: 1275965
  • Posted On: Jun 23, 2020
  • Updated On: Jun 23, 2020

Property Description

This little park is the perfect park for a first timer. It is located just
5 minutes to Super Walmart
14 min from Daleville Al
37 min from Dothan Al
31 min to Florida
1 hour & 48 min to Panama City Florida
This park is on city water and sewer. (direct billed)
1 vacant lot
17 lots , 15 POH, 1 TOH, 1 VL
Gross Collections $92,340
Expenses $37,738
NOI $54,601
Mostly Month to Month lease
Stays full.

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 100.0 %
Average MH Lot Rent: $125

Financial Information (Pro Forma)

Gross Income $92,340
Operating Expense $37,738
Net Operating Income $54,601
Expense Ratio 40.9 %
Debt Info 150K

Lot Information

Singlewide Lots: 17

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $508

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