Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1631694
- Posted On: Mar 25, 2022
- Updated On: Dec 28, 2023
Description
PLEASE DO NOT CONTACT TENANTS...PLEASE SIGN ATTACHED CONFIDENTALLY AGRREMENT IF REQUESTING Offering Memorandum. 30 lot mobile home park. 28-lots occupied. 27-park owned homes. 1-tenant owned home. 4-potential lots available: Lots 7A, 26A & 29 need water meters, sewer, electrical meters.
Other potential lots available in the grassy area located in the center of the park. City water & sewer. 2013 all water & sewer lines replace and upgraded in the park. Tenant pays electricity
Park pays water, trash & common area maintenance. Adjoining 4 acres may be available. Outside City Limits. Actual profit loss 2016 through 2021 attached in Offering Memorandum. 10% Cap Rate. Seller has quotes for Utility Cost Recovery Services to be provided in due diligence.
Location
Excellent neighborhood. Single Family Homes Subdivisions
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $190,000 |
| Operating Expense: | $62,500 |
| Net Operating Income: | $127,500 |
| Expense Ratio: | 32.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
