Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 18.0%
  • Listing ID: 371977
  • Posted On: May 15, 2013
  • Updated On: Aug 20, 2013

Description

Tired of sitting on a nest egg that is no longer producing income? Look at these numbers!
Small mobile home park of 12 spaces fully occupied with lot rent of $180/month.Gross monthly income = $2,160. Mostly older residents. Newly re-plumbed. New well equipment. Minimal maintenance! Owner covers operating costs of $550/month includes: taxes, insurance, licenses, sewer cleanout service & electric for well. Due to small size, park falls under County jurisdiction - NOT EPA. We know of two local banks who are willing to finance 70% of purchase price. $42,000 down can earn you over $11,000 per year with no risk. We have received over 95% of lot rents from this park since 2007. Why are we selling this sweet little thing? We are moving 1700 miles away and would like to take our equity to take with us.

Contact info:
Laineyisat@gmail.com
937-545-4316

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

Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Year Built: 1965
Average MH Lot Rent: $180
Size: 1 acre(s)

Financial Information

Gross Income: $25,920
Operating Expense: $6,600
Net Operating Income: $19,320
Expense Ratio: 25.5 %

Lot Information

Singlewide Lots: 12

RV Information

Number of RV Lots: 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: $180