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

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 14.4%
  • Listing ID: 378871
  • Posted On: Jun 18, 2013
  • Updated On: Jul 23, 2014

Description

PRICE REDUCTION...!!!!! This park is located on a quiet setting which consists of 5 acres. There are mature trees in and around the property. There is no more room to expand.
This park is serviced by city water/sewer, which was completely updated just a few years ago. The park is master metered and billed quarterly by the city. Each home is sub-metered for their actual usage. All other utilities are metered separately.
20 homes in the park, with 4 vacant lots. All single wides, mostly 80's and 90's.( Several homes sold on contracts which go with the sale., and is NOT included in figuring the Cap- Rate).

CASHING OUT, NO PAPER. (Buying another park)
On-site manager. Absentee out of state owner of 7yrs.

N.O.I Approx $54,000

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

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 83.0 %
Size: 5 acre(s)

Financial Information

Net Operating Income: $54

Lot Information

Singlewide Lots: 24

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City