Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.7%
- Listing ID: 1347238
- Posted On: Oct 27, 2020
- Updated On: Dec 4, 2020
Description
25 lot Mobile Home Park, with well water, utility shed.
1 stick built house that is managers residence and office.
3 lots rented for lot rent only. @ $300/mo.
15 mobile homes rented @ $500 to $800/mo.
4 empty mobile homes
3 vacant lots
All lots have water, septic & electric services.
Location
Located 14 miles from Augusta, GA and 5 miles to Interstate 20. In Aiken County.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $300 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $117,300 |
| Operating Expense: | $7,500 |
| Net Operating Income: | $109,800 |
| Expense Ratio: | 6.4 % |
Lot Information
| Singlewide Lots: | 22 |
| Doublewide Lots: | 3 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $625 |
