Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1671975
- Posted On: May 19, 2022
- Updated On: Sep 19, 2022
Description
Great investment opportunity! 29 pad mobile home park, one single family home, and one commercial building with a long time well established tenant. Owner recently updated park rules and made several capital improvements. This multi-use property is ready for a new owner and will generate solid positive cash flow from day one!
Location
29 lots, 26 occupied, one body shop building with long-term tenant, and one single-family house.
Amenities
- Handicap Accessible
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $574 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $238,800 |
| Operating Expense: | $117,000 |
| Net Operating Income: | $121,800 |
| Expense Ratio: | 49.0 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
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