Contact Information
William Bell
Mobile Home Park Details
- Price: $350,000
- Purchase Method: Cash, New Loan
- Property ID: 2022408
- Posted On: Jan 24, 2023
- Updated On: Jan 24, 2023
Property Description
Licensed for 20 lots. City water, sewer, Gas, Electric is available at every site. The sites need pads and new electric meters installed before a home can be placed. The park is 3.8 and the lot sizes are 70x100. There is also a back 9.4 acres that has the main hookup for water and sewage to add additional homes. All the homes are seperatly metered to be able to bill back the water and sewer or have the water dept send them bills directly. Brand new home added at the end of the year and a used home added that needs setup. These two homes can add to the income once sold.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 20 |
Total Occupancy: | 25.0 % |
Average MH Lot Rent: | $248 |
Size: | 13 acre(s) |
Financial Information (Actual)
Gross Income | $17,472 |
Operating Expense | $10,232 |
Net Operating Income | $7,240 |
Expense Ratio | 58.6 % |
Debt Info |
Lot Information
Doublewide Lots: | 20 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $476 |