Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.8%
- Listing ID: 1586383
- Posted On: Jan 14, 2022
- Updated On: Mar 3, 2022
Description
We have decided to offer 2 options on this park.
Lot Rent Only--no park owned or Rent to Owns. Price for this is $295,000.
6 Lot Rents, 4 park model rentals and 1 Rent to Own. Price for this
$465,000
Financials can be found for both under the Files listed here. Financials on the site are for the $295K one.
Seller will finance (carry a note) either way with a 50% down.
We have an amazing on site manager who does mgmt, mowing and handyman services if needed.
We are in Nevada and this is our last holding in Gouverneur. Time to retire and enjoy. Feel free to contact us with any questions.
Location
Upstate NY
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 22 |
| Total Occupancy: | 60.0 % |
| Average MH Lot Rent: | $290 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $39,240 |
| Operating Expense: | $8,185 |
| Net Operating Income: | $31,055 |
| Expense Ratio: | 20.9 % |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $700 |