Contact Information

David Boshart

Steel Recovery Solutions

Mobile Home Park Details

  • Price: $175,000
  • Purchase Method: Cash, Assumable Loan
  • Property ID: 1364274
  • Posted On: Dec 4, 2020
  • Updated On: Dec 26, 2020

Property Description

For 1/2 Interest in the Park which I am developing for Section 8 Housing for an average lot rental of $550/month guaranteed and paid by the Government This well create a total monthly income of our 13 lots of $7150 when developed out in 3-6 months max and
startup costs of $60,000 for additional homes and installation
and $15,000 misc costs or a net income for year ending 12/31/2021
of break even to $10,000 depending on time to develop out.

For the year ending 3/31/2022 or 6/30/22 our net income should
be appx $85,000 minus taxes and misc expenses of $70,000 creating a valuation of $600,000 to $700,000 at that time.

I would also consider selling ALL of the park for $300,000 cash for a passive investor who would like us to develop out for him. I am mobile home dealer and can buy and install homes at wholesale
and have management in place for marketing, maintenance and
repairs and accounting

Location

No other park in the area -strong demand for affordable housing. Solid infrastructure with City Water, Sewer and Electric

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

Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 30.0 %
Average MH Lot Rent: $300
Size: 3 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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