Contact Information

Simone Sands

Berkshire Hathaway HomeServices PenFed Realty

Mobile Home Park Details

  • Price: $179,000
  • Purchase Method: Cash
  • Property ID: 1320862
  • Posted On: Sep 8, 2020
  • Updated On: Sep 14, 2020

Property Description

Quiet Oaks Mobile Home Park - Excellent Investment Opportunity. All lots are sub-metered for water, tenants reimburse owner for ECUA bill, each tenant pays $10.50 month for dumpster use. Park is on a gravity fed sewer system that was installed approx 2007. There are 8 lots. There are 3 Mobile Homes - one is owner occupied, one is park owned, and one is on a rent to own contract.
*Lot 1 empty - can get $250 (minimal) monthly rent
*Lot 2 lot tenant owns the mobile home - $210 rent
*Lot 3 empty - can get $250 (minimal)
*Lot 4 park owned mobile home - $525 rent. 
*Lot 5 RV - $250 month lot rent
*Lot 6 RV - $200 month lot rentLot 7 - Rent to own mobile home - $400 month (approx 3 years left).  
*Lot 8 RV - $280 month lot rent

f you bring in decent mobile homes, nicely presentable (not perfect) - you can probably get $600-$650 for 2 bedroom and $700+ for 3/2
if it's cleaned up, lot rent could go up $280-$300 lot
Lots are all permitted to be mobile home lots.
**PLEASE DO NOT ACCESS PARK WITHOUT AN APPOINTMENT**

Location

8 lots total

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

Park Information

Number of MH Lots: 8
Total Occupancy: 75.0 %
Year Built: 1970
Average MH Lot Rent: $250
Size: 1 acre(s)

Lot Information

Singlewide Lots: 8

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $210

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $525