Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 1891376
  • Posted On: Sep 20, 2022
  • Updated On: Mar 25, 2023

Description

5-TOH Avg. rent 375.00, 5-POH Avg. rent 616.00, 10- Total, weeks away from 13 Occupied paying residents, Have 3 app's waiting for snow to melt at 475.00 a month

Rent increase on April 1st 2023 for all old tenants to 375. a month, any new residents from 3-1-2023 will be at 475.00 a mth.......bring your rehab knowledge-sweat equity, or we have people in place to do the work

16/13-Park Owned Homes need different types of remolding-21 total, Here's an idea...FREE HOMES @ 475. a mth. use OPM-let them fix the houses up...at 475 mthly.....had 57 inquiries in 2- days...)

8- Vacant lots use for MH/RV's/Tiny Homes, city's on board with affordable housing

SELLING THE PARK "AS IS"......VERY MOTIVATED... Seller Financing option w/nice skin in the game-Park makes enough to pay for the installments(debt service)

Prefer Pre-Approval/with P.O.F.-No wholesalers please

Comps done by 2- different Brokers- @ 400k "AS IS"b4 lot increases and increased occupancy %

Location

Walking distance to downtown

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 34
Year Built: 1970
Average MH Lot Rent: $375
Size: 7 acre(s)

Financial Information (Actual)

Operating Expense: $26,284
Debt Info: 0

Lot Information

Singlewide Lots: 31
Doublewide Lots: 3

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 21
Average Rent for Park-owned Homes: $616