Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 9.0%
- Listing ID: 465279
- Posted On: Aug 13, 2014
- Updated On: Aug 13, 2015
Description
Upside potential!
Attractive 50 unit mobile home park in Picayune,MS. All pads have city sewer and water and are separately metered with 200 amp service. 17 of the homes are park-owned with the remainder paying lot rent. There are presently 8 vacancies.
Owner is retiring and willing to finance amounts over $350,000 with balloon up to 10 years!
Call for information. More lots being rented.
Marketing Package attached.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 84.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 6 acre(s) |
Financial Information
| Gross Income: | $132,612 |
| Operating Expense: | $39,100 |
| Net Operating Income: | $93 |
| Expense Ratio: | 29.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |