Contact Information
Van Hai Nguyen
Mobile Home Park Details
- Price: $299,500
- Distressed: This property is in default, REO or in foreclosure.
- Cap Rate: 7.0%
- Property ID: 1340849
- Posted On: Oct 15, 2020
- Updated On: Oct 18, 2020
Property Description
34-lot mobile home park for sales at great discount.
Monthly rental income is $2140 / 8 lots.
5 lots are vacant and need to bring new mobile homes to.
Other lots have mobile homes there, some can be rentable and others need remodel.
There are huge potential upgrade for new investors who can take care of the park to attract more tenants.
If you are interested in, please contact me at:
Hai Nguyen
Email: hai.srmhp@gmail.com
Tel: 870-740-9286
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 23.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $25,680 |
| Operating Expense | $4,600 |
| Net Operating Income | $21,080 |
| Expense Ratio | 17.9 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 24 |
| Average Rent for Park-owned Homes: | $350 |
