Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1731868
- Posted On: Aug 10, 2022
- Updated On: Feb 9, 2023
Description
8 unit mobile home park for sale. Also has a commercial auto mechanic building that is rented. Directly on Highway 31
5 of the 8 Mobile Home Park lots have units on them and the lot rent is $350 / month.
The auto mechanic building is rented for $550 / month
I have not raised rents since I purchased the park 5 years ago.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 62.5 % |
| Average MH Lot Rent: | $350 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $30,878 |
| Operating Expense: | $16,361 |
| Net Operating Income: | $131,414 |
| Expense Ratio: | 53.0 % |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 2 |
| 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: | 0 |
| Average Rent for Park-owned Homes: | $0 |