Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1481220
- Posted On: Jul 21, 2021
- Updated On: Oct 20, 2021
Description
34-Unit Park, almost 7-Acres in town, 11-units currently rented or 32% Occ. still 9- other houses to rehab, big upside, lot rent 350./350. house payments, bringing 5-more used homes in the next 2- weeks-Done..No rent increase last year, fill vacant lots, sub-meter, nice small town, includes all equipment(John Deere rider )F-250 4x4 with Hiniker snow blade, mowers, wackers..etc..... serious offers only. Can entertain SOME seller financing if needed as a
minimum example would be like 175k down 3yr CD so we can clear the title. All lots have 2- car concrete driveways Drive through only please- no contact with residents, showings by Appt. Will consider a 1031 exchange. Additional 12 acres that adjoins the park that can be purchased, could bring in like 60 more units if layed out right
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 32.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $350 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $67,170 |
| Operating Expense: | $24,600 |
| Net Operating Income: | $42,570 |
| Expense Ratio: | 36.6 % |
Lot Information
| Singlewide Lots: | 34 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $350 |