Contact Information

Mobile Home Park Details

  • Price: $89,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 18.0%
  • Property ID: 1341870
  • Posted On: Oct 18, 2020
  • Updated On: Oct 22, 2020

Property Description

3 Unit Park
Two 1/1 mobile homes currently rented on 12 month leases for $500 each (both paid security deposits that will be conveyed to buyer)
One 1/1 Tiny Home rented month to month for $300 currently (no security deposit)
Background and credit checks completed on all current tenants.

On .62 acres fenced in.

Town Water, Septic Tanks

Renters pay all utilities

Expenses: Trash $30/month, Taxes $600/year
Professionally managed by local management company (currently paying 10% for this service)

2% Hard Money Down To Go Under Contract
No Owner Financing

Reason for selling: Recently married, selling to get cash to purchase new house.

Make your offer via email please!

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

Park Information

Community Type: All Age
Number of MH Lots: 3
Total Occupancy: 100.0 %
Year Built: 1990
Average MH Lot Rent: $500
Size: 1 acre(s)

Financial Information (Actual)

Gross Income $15,600
Operating Expense $960
Net Operating Income $14,640
Expense Ratio 6.2 %
Debt Info

Lot Information

Singlewide Lots: 3

Utility Information

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

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