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 |