Mobile Home Park Details
- Property ID: 1574353
- Posted On: Dec 14, 2021
- Updated On: Apr 8, 2022
Property Description
TREMENDOUS INCOME PRODUCING PROPERTY!!! This (11) lot mobile home park is a steady income producer. This phenomenal opportunity comes with 11 lots and 8 mobile homes. 7 lots include both mobile home and lot rent where the remaining 4 owned lots provide only lot rent income. Currently no vacancies, great rental history. Income/expense history boasts over a 14% CAP Rate at the current asking price. A proven property, good location. Great cash flow and long-term opportunity. No drive-bys please. Apt. Only.
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Park Information
Number of MH Lots: | 11 |
Year Built: | 1972 |
Size: | 3 acre(s) |
Financial Information
Gross Income | $4,300 |
Operating Expense | $354 |
Expense Ratio | 8.2 % |
Debt Info |
Utility Information
Water: | City |
Sewer: | Septic |