Bessemer Estates
Bessemer Estates
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 12.0% (Actual)
- Listing ID: 402347
- Posted On: Sep 16, 2013
- Updated On: Dec 17, 2015
Description
Remarkably stable, nearly all-rental park in downtown Bessemer. 34 mobile homes plus two site-built homes. Park provides city water/sewer trash, and some utilities to tenants. Park has no deferred maintenance, is full and stays full and has a waiting list - this is a true family neighborhood.
Cap rate is 12, and owner will adjust price, if necessary, to guarantee the cap rate. Owner will finance w/20% down, 25 year amort.@ 6%
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1978 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $85 |
Lot Information
| Singlewide Lots: | 30 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 32 |
| Average Rent for Park-owned Homes: | $650 |
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