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Cash flow MH park OWNER FINANING! 1500 North Carolina Street, Louisiana, MO 63353

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0% (Actual)
  • Listing ID: 1905997
  • Posted On: Oct 11, 2022
  • Updated On: Oct 11, 2022

Description

This park is located in a small town in Mo, About 1 hour north of St Louis, Mo. high demand for affordable housing and currently has several Sect 8 renters. Great Cash flow. 8 units rented, 1 just finishing up and has a renter waiting to move in. 2 more need full rehab. 1 empty space for a Mh to move into. 2 others for possible rehab on site. Will owner finance with $50,000 flex on terms. Recent rehab done on several units, new roof, 3 new HVAC systems.

Location

North of St Louis, Mo. lots of small towns close by.

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 1980
Average MH Lot Rent: $700
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $66,900
Operating Expense: $18,000
Net Operating Income: $48,900
Expense Ratio: 26.9 %
Debt Info: none

Lot Information

Singlewide Lots: 12
Doublewide Lots: 0
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: City

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $700

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