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 |