Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $1,595,000
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.0%
- Listing ID: 3508537
- Posted On: Aug 11, 2023
- Updated On: Apr 17, 2024
Description
Clean 7 Acre Mobile Home Park:
All 29 rentals are fully remodeled: $17,000 average per home. Like new condition.
3 Vacant Units remodeled and ready to rent.
2 Vacant Lots
1 Owner Occupied
Stick Built House 1000mo - on its own parcel
1 Office
1 Duplex - $1,800 total rent.
Roads are newly repaved.
7 homes have the frame, need to be rebuilt or removed.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $575 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $193,140 |
| Operating Expense: | $65,171 |
| Net Operating Income: | $126,967 |
| Expense Ratio: | 33.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 29 |
| Average Rent for Park-owned Homes: | $600 |
