Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 358607
  • Posted On: Jan 22, 2013
  • Updated On: Sep 27, 2013

Description

Excellent Investment Opportunity! Cap Rate of 13.48% at asking price!! Well maintained mobile home park in Harleyville, S.C.!! There are 16 spaces for rent with potential to develop 9 more. Currently 15 spaces are rented 14 of which have Park Owners Mobile homes on them. These 14 units will convey to Buyer at closing. Call Agent for more details and showings!

Only one space not rented, owner is being choosy but applications pending.

Estimated expansion cost of 5k per space, utility tap fees are free per docs from seller, gravel roads in park.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 16
Size: 4 acre(s)

Financial Information

Gross Income: $85,200
Operating Expense: $20,632
Net Operating Income: $64,568
Expense Ratio: 24.2 %
Debt Info: approx.

Utility Information

Water: City
Sewer: City

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