Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Property ID: 1345444
  • Posted On: Oct 23, 2020
  • Updated On: Jan 18, 2021

Property Description

Available for SELLER FINANCING with 70k down or BEST OFFER for CASH sale!

It is 10.18 acres outside the city. In need of a lot of work, plenty of value to add. Has water well and public water. The infrastructure there to build-out a huge mobile home park/ RV park. Need lots of TLC.

Brings in at the moment Grosses 1500 a month, Nets about 1200.

Has approximately 35 septic set-ups power throughout the property and water lines ran throughout.

Mobile homes renting for 500 a month and spaces for $250.
7,500 more per month possible with clean-up just renting spaces.

- Septic value 140k probably more with the new EPA laws.
- Water value 30k has its own water well plus tied into the water at the road for a backup.
- Electric value 20k
- Land value 60k
- And, the loan is in place I would say 10k in value
- Current income is worth 75k @ 2%

- Take the trash homes to crush them down and haul to the dump. You talking maybe 6k. Clean up around 5k. One person offered 700 for one of those trailers while I was there.

- 28k a month value add
- 336k year VA
- Has the potential to be worth 2.5mm
- 300-month lot rent
- RV park 80 spots

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

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