Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0% (Actual)
- Listing ID: 1501746
- Posted On: Aug 23, 2021
- Updated On: Nov 22, 2021
Description
Great Investment. Six unit mobile home park for sale with a storage building. Has city water and sewer. Each unit has its own fenced in yard. It sits on almost an acre. No more units can be added to the park. Great location, the park is 1.3 miles from Walmart, shopping and restaurants. The park stays full. The rental market and the demand is very strong in the Columbia area. Owner is retiring and willing to do Owner financing for qualified candidate. Below are the terms of the financing. Purchase the park with the down payment and let the park pay for itself and make you money at the same time.
Don’t miss out on this opportunity! Hurry!! Won’t last long!
Call Kevin for more information.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $37,230 |
| Operating Expense: | $7,808 |
| Net Operating Income: | $29,422 |
| Expense Ratio: | 21.0 % |
Lot Information
| Singlewide Lots: | 6 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $600 |