Contact Information

Mobile Home Park Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.4%
  • Property ID: 1369783
  • Posted On: Dec 17, 2020
  • Updated On: Dec 17, 2020

Property Description

This park has 28 mh units & 1 2/1 house. All units have been rehabbed in the last 3 years except the house. The house needs about $15k rehab to rent. This is a class B park & value is in cash flow. No code violations or liens. All licenses are current. Cap Rate is 12%+. Priced to sell quick to serious investor only. Prequal required with all offers. Minimum $50,000 escrow. No repackaging allowed.

Location

North Combee Road to Tenoroc Mine Rd. (R). Property on right.

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Park Information

Community Type: All Age
Number of MH Lots: 29
Total Occupancy: 99.0 %
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $205,666
Operating Expense $44,713
Net Operating Income $160,952
Expense Ratio 21.7 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

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