Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 2952858
- Posted On: May 19, 2023
- Updated On: Aug 21, 2023
Description
Goodview is a great income producing mobile home park located 5 miles from Smith Mountain Lake. This Park has provided the current owners steady profits since purchased. With all homes owned by the tenants, this property is a hands-off and hassle-free investment. The sale of this property includes additional land to supply more housing for bigger profits.
Location
Great area. Tenants are long term and love the area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $63,000 |
| Operating Expense: | $13,237 |
| Net Operating Income: | $49,763 |
| Expense Ratio: | 21.0 % |
| Debt Info: | We currently hold a note. |
Lot Information
| Singlewide Lots: | 15 |
| 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: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
