Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.7%
- Listing ID: 398815
- Posted On: Sep 2, 2013
- Updated On: Mar 2, 2014
Description
Income producing four unit rental property for sale. One house and three trailers. All units have been remolded recently. They sit together on two spacious acres in a country setting. They are conveniently located in Knoxville, TN near the Smokey Mountains. Easy to rent out. All units rent in the 500 to 600 range. All four units bring in 2160.00 per month after bills it nets around 1950.00 per month.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $600 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $2,160 |
| Operating Expense: | $210 |
| Net Operating Income: | $1,950 |
| Expense Ratio: | 9.7 % |
| Debt Info: | 0.00 |
Lot Information
| Singlewide Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $550 |