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77-Space Mobile Home Park Goldsboro, NC 27530

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Mobile Home Park Details

  • Purchase Method: Seller Financing, New Loan
  • Listing ID: 16068
  • Posted On: Sep 4, 2010
  • Updated On: Oct 19, 2010

Description

This park is located outside city limits, in a nice country setting,with 77 spaces,32 park owned,22 lot rentals,23 vacant spaces.Close to Seymour Johnson Air Force base,also located in the best school district in the county.Seller willing to take a 2nd mortgage,to make financing work.

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Park Information

Community Type: All Age
Number of MH Lots: 77
Total Occupancy: 75.0 %
Year Built: 1970
Average MH Lot Rent: $150
Size: 22 acre(s)

Financial Information

Gross Income: $180,000
Operating Expense: $20,000
Net Operating Income: $160,000
Expense Ratio: 11.1 %

Lot Information

Singlewide Lots: 77
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 32
Average Rent for Park-owned Homes: $400