Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.8%
  • 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.

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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

RV Information

Number of RV Lots: 0

Utility Information

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