Contact Information

Ron Pillay
Spring Cove RV Park LLC

Mobile Home Park Details

  • Price: $795,000
  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash
  • Listing ID: 2963178
  • Posted On: May 19, 2023
  • Updated On: Jun 5, 2023


35 sites - 7.5 ACRES
Borrower had defaulted and missed payments and failed to upkeep, pay the property taxes. Once we have Foreclosed through the courts successfully and then we will sell to the highest bidder or the highest cash offer.
We are exploring our options and may change accordingly has we feel we have too.



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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 60.0 %
Year Built: 1985
Average MH Lot Rent: $300
Size: 8 acre(s)

Financial Information (Pro Forma)

Gross Income $126,000
Operating Expense $50,400
Net Operating Income $75,600
Expense Ratio 40.0 %

Lot Information

Singlewide Lots: 35
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 25

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 25
Average Rent for Park-owned Homes: $500

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