Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1536433
- Posted On: Oct 14, 2021
- Updated On: Jan 13, 2022
Description
Mobile Home Park in the Shenandoah Valley, Virginia with 100% occupancy in great location right next to a top county Middle School & High School. Expansion potential with county in need of more affordable housing options.
• 3 mobile homes park owned on a lease to own contract
• 8 mobile homes pay lot rent
• Onsite groundskeeper for snow removal and mowing
• Local park manager to oversee operations and maintenance
• Lot rent increase planned January 2022 (1st time lot rent has increased in 7 years)
Location
Located near Massanutten 4 Season Resort, Coors, Merck, James Madison University, Cargill and other major employers.
Amenities
- Storage
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $300 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $3,300 |
| Operating Expense: | $350 |
| Net Operating Income: | $2,950 |
| Expense Ratio: | 10.6 % |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $300 |