Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.6%
- Listing ID: 2108576
- Posted On: Mar 4, 2023
- Updated On: Feb 26, 2024
Description
9 unit mobile home park for sale with a large 2000 sq. ft. garage/work shop sitting on 4 + acres. All units have their own septic systems. Property is fed by a well in garage. Long Term tenants with average rent of $700 per mobile home.
Garage could also be rented out for additional income to small business owner.
Sale Price includes 1 extra 60-foot-long singlewide trailer. As well as a Backhoe to do your own maintenance around park.
Some Seller Financing may be available...
Reason for Selling: Moving on to other Business Opportunities...
Location
Western Massachusetts
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 88.0 % |
| Average MH Lot Rent: | $700 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $68,100 |
| Operating Expense: | $12,000 |
| Net Operating Income: | $56,100 |
| Expense Ratio: | 17.6 % |
| Debt Info: | Numbers are based on 1 vacancy...(88% occupancy) |
Lot Information
| Singlewide Lots: | 9 |
| Park Model Lots: | 9 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $700 |