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: Nov 12, 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 can be rent to RV owners.
Other lots have mobile homes there, three can be rentable now and others need renovation.
Especially, the road running through the mobile home park is very good condition.
With two more tenants, cap rate can be 10% no doubt!
If you know how to take care of the park, 20 tenants more will come for sure and this park will become your gold-egg hen.
If you are interested in, please contact me for more details:
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 |
