Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 15.6%
  • Listing ID: 1358950
  • Posted On: Nov 20, 2020
  • Updated On: Mar 3, 2021

Description

This high income mobile home park is located just outside the city of Fayetteville, NC. There are 45 lots and 40 mobile homes located on the park. Twenty of the units have a waterfront view. There is also a 2 bedroom 2 bath manufactured home included with a private lot and a water front view near the park. There are 35 park owned homes and 5 tenant owned homes. Septic system in place. Twenty units paid by tenants and twenty units paid by park. No owner financing. Will consider loan with private lender with strong commitment letter.

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

Park Information

Number of MH Lots: 45
Total Occupancy: 95.0 %
Year Built: 1971
Average MH Lot Rent: $425
Size: 11 acre(s)

Financial Information (Actual)

Gross Income: $205,467
Operating Expense: $60,761
Net Operating Income: $144,706
Expense Ratio: 29.6 %

Utility Information

Water: City
Sewer: Septic

Similar Mobile Home Parks for Sale