Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 6.0% (Actual)
- Listing ID: 476424
- Posted On: Oct 11, 2014
- Updated On: May 17, 2022
Description
Well maintained park located in a busy, growing community. Our park is made up of 58 mobile home lots with permanent homes in 54 spaces. All vacant mobile home spaces can be either mobile home or RV spaces. No park owned homes. An additional 58 RV/Camping full hook up spaces for long term campers, most staying 6-9 months. An additional 8 spaces are undeveloped. Our base lot rent is $275 for mobile homes and $500 for camper/RV parking per month. Additional rental house-$1100 monthly or to be used as managers office/quarters. Small laundromat onsite, machines are park owned. All parking is at each lot and trash is picked up at each lot. Mobile home tenants pay water, sewer & electric. Park is on city water and sewer. City sewer was installed in 2016 and city water in 2021. Mobile home sites have new meters. New asphalt in several RV spaces. This is a great property in a growing city in need of both affordable housing and temporary housing for the wind farm, pipeline, road crews and traveling nurses, etc. Many new building projects coming to Norfolk. Huge demand for both permanent and temporary housing. Current manager and maintenance live on site and may be willing to stay. To be negotiated with new owners
Please call or email with any questions. Serious inquires only please.
Mark and Terri Ewin
602-820-4427
Location
Located in Norfolk, NE a growing community in need of affordable housing.
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 106 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $275 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $332,631 |
| Operating Expense: | $95,782 |
| Net Operating Income: | $236,849 |
| Expense Ratio: | 28.8 % |
Lot Information
| Singlewide Lots: | 49 |
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 58 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |