Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Property ID: 1501746
  • Posted On: Aug 23, 2021
  • Updated On: Nov 22, 2021

Property 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.

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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 %
Debt Info

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

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