Mobile Home Park Details

  • Cap Rate: 10.0%
  • Listing ID: 15447
  • Posted On: Aug 17, 2010
  • Updated On: Oct 19, 2010

Description

ELDORADO MHP, 57 SPACES (15 ACRES ON HIGH BLUFF)
WITH 49 MOBILE HOMES (MEDIAN AGE '87), SOME
DOUBLEWIDES, COUNTY WATER, 57 SEPTIC TANKS, M.A.I.
APPRAISAL @ $1,150,000 (BEFORE OWNER ADDED 12 UNITS
IN JUNE). POTENTIAL GROSS INCOME $250,000/YR.
HISTORICAL HIGH GROSS $150,000/YR., HISTORICAL LOW
GROSS $100K. REDUCED FROM $1,250,000 TO $995,000.
GREAT MANAGEMENT IN PLACE.880 ADVERTISING, 1260
CLEAN & MAINTENANCE, 7048 INSURANCE, 1580 LEGAL,
5769 MGMT, 18,611 MAINT., 7,191 SUPPLIES, 2,489
TAXES, 6,645 UTILITIES,
TOTAL: $51,473 CALL RON OR DEAN (910)371-2999

Amenities

  • Storage
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Park Information

Number of MH Lots: 57
Total Occupancy: 85.0 %
Year Built: 1995
Average MH Lot Rent: $125
Size: 15 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 49
Average Rent for Park-owned Homes: $125

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