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Mobile Home Park Details

  • Purchase Method: Cash
  • Land: This is land for developing a mobile home park
  • Cap Rate: 13.4%
  • Listing ID: 413555
  • Posted On: Nov 7, 2013
  • Updated On: Feb 12, 2014

Description

Great opportunity to put your money to work. I have a proven system that works. We have 4 nice doublewides, each sitting on a minimum of 1/2 acre lots in Upstate, South Carolina. Conservative retail market value is $260,000 ($65,000 each). Annual rent of $30,219, expenses (including a 10% vacancy which is not actual) of $5046 with a Net Operating Income of $22,150. 2 units paid by the county under Section 8. This system attracts quality tenants. Actual vacancy is either $0 loss or one month rent total per year. Financials available upon request.

Location

4 Doublewides on 1/2 acre lots in doublewide subdivisions
*143 Glengary Ct. A 1999 Dynasty 27x68 White - 3/2 - ~0.50 acres
*1169 Old Pelzer Rd B 1996 Cavalier HMS Bellmont 28x52 - 3/2 - ~0.50 acres
*116 Apple Dr C 1999 Redman - model 1490 -3/2 - 0.973 acres - 2 wooded pivate lots
*202 Meadow Hills Dr D 1998 Chan Model 2806 - 0.50 acres - 3/2

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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 1999
Average MH Lot Rent: $30,219
Size: 3 acre(s)

Lot Information

Doublewide Lots: 5

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City