Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1898012
- Posted On: Sep 30, 2022
- Updated On: Dec 29, 2022
Description
19 park owned trailers all electric and water metered so tenants pay for their own and a 1230 sq ft 2 bedroom 1 bath house we have replacing trailers over the past year so the park is vacant so we can remodel with ease there still 4 trailers rented all trailers are in some stage of repair ranging from almost ready to needing remodeling we can offer financing with 20%down and 15 year term . the trailers use less than half of the property the other could be made into rv storage the property runs from street to street , we bought this park a year ago theres no rent roll no gross only 4 rented 6 to 7 almost ready to rent and have replaced a few trailers with nicer ones and did work around it to clean it up ,we have moved most of the people out so we can work on the units , it will still need work , there are 19 trailers park owned and a 2 bedroom house , the property is 3.4 ac all lots have metered water and electric tenants pay , there are 11-2+1 units 5-2+2 and 3-3+2 may do owner financing with a nice down , we are painting some of the trailers
Location
201 illinois st hot springs ar 71901
Amenities
- Storage
Park Information
| Number of MH Lots: | 19 |
| Total Occupancy: | 2.0 % |
| Year Built: | 1930 |
| Average MH Lot Rent: | $650 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $17,520 |
| Operating Expense: | $3,000 |
| Net Operating Income: | $1,420 |
| Expense Ratio: | 17.1 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $650 |