Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.8% (Actual)
- Listing ID: 1283180
- Posted On: Jul 6, 2020
- Updated On: Oct 5, 2020
Description
Don't miss this affordable investment property with great potential cash flow with cap rate of 9.8%. 100% occupancy-6 units mobile home park in 3 separate addresses (1008, 1016, 1032) & parcels# 104-11-259A, 104-11-260A, 104-11-262A with 2 MH units on each parcel. Space rent is$ 26,880/yr (utilities paid by tenants). One(1) park-owned unit rented for $ 625/mo. plus BONUS of 3 notes for Deed total of $6272.88/yr is included in the sale. Expenses only for taxes and ins. since seller does in-house mgmt. P&L and Rent Roll available upon request of the qualified buyer. Centrally located, close to public transportation, interstate I-10, shopping, restaurants, hospital and more... please don't disturb tenants for they are not informed of the sale. Agent is a relative to seller.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $375 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $26,880 |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |