Contact Information

Mobile Home Park Details

  • Price: $739,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.5%
  • Property ID: 1281048
  • Posted On: Jul 1, 2020
  • Updated On: Jul 14, 2020

Property Description

Mixture of Park Owned Homes and Tenant Owned.

Park has upgraded most Park Owned Homes.

9 Acres!

Homes are now Full with waiting list!

In-fill opportunity!

City Water and Sewer

4 Extra large lots

No restrictions on moving in New Homes!

Lot Rent not increased since 2018

Seller Financing Available!

HAVE A PARK TO SELL?

Frank - BIRCH REALTY - 727-592-2418

Location

Somewhere in IL

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 61
Total Occupancy: 60.0 %
Year Built: 1979
Average MH Lot Rent: $166
Size: 9 acre(s)

Financial Information (Actual)

Gross Income $139,800
Operating Expense $54,799
Net Operating Income $85,001
Expense Ratio 39.2 %
Debt Info

Lot Information

Singlewide Lots: 13

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $436

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