Contact Information

Mobile Home Park Details

  • Price: $595,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Property ID: 1395246
  • Posted On: Feb 18, 2021
  • Updated On: Jun 24, 2021

Property Description

Seller Financing may be available!

24 Lots, Up to 50 Total Possible with Expansion

6 Acres!

12 Park Owned @ 475
6 Owner Occupied Lots @ 250
5 Park Owned- small rehab
1 Vacant Lot

1 House @ 900
1 House @ 325
4 Car Garage

HAVE A PARK TO SELL?

Frank - BIRCH REALTY - 727-592-2418

Location

Wakeman Ohio

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

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 75.0 %
Year Built: 1950
Average MH Lot Rent: $363
Size: 3 acre(s)

Financial Information

Gross Income $97,200
Operating Expense $30,953
Net Operating Income $66,247
Expense Ratio 31.8 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $475

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