Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.5%
- Listing ID: 1342740
- Posted On: Oct 19, 2020
- Updated On: Apr 30, 2021
Description
Seller financing available to qualified buyer. See attached Executive Summary. Park consists of 12.6-acres +/-, 440 feet of frontage on W Quincy, outside city limits, zoned county commercial, 105-lots, 68-occpuiped, 52-park owned homes, 16-privately owned homes. asphalt roads, city water, 5-RV ready site level lots with 50/AMP service, sewer is a state approved Permitted Waste Treatment Facility located on site ran by an offsite licensed operator at a cost of $350.00 per month. See attached permit. 16 private owned homes, 52 park owned homes, 28 vacant lots, 5 RV lots, 4 miscellaneous lots (office, storage etc.) 105 total leasable lots
Location
Huge demand for rentals in Pittsburg.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 105 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $220 |
| Size: | 13 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $358,919 |
| Operating Expense: | $142,812 |
| Net Operating Income: | $283,427 |
| Expense Ratio: | 39.8 % |
RV Information
| Number of RV Lots: | 5 |
| Average RV Lot Rent: | $375 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 52 |
| Average Rent for Park-owned Homes: | $510 |
