Photo of Manufactured Home Community
Photo of Duplex
Interior of Duplex
Interior of Duplex
Mobile Home #3
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 15.0%
- Listing ID: 483651
- Posted On: Nov 11, 2014
- Updated On: Sep 30, 2015
Description
Mobile home park includes a duplex and 8 mobiles. Always 100% occupancy. Excellent income and priced to cashflow extremely well. Owner financing possible. 2 parcels are included in this sale: one parcel is the mobile home park with 9 lots and 7 park-owned homes. The second parcel is a duplex and one mobile home rental. Owner will sell either or both parcels.
Property won't win any beauty contests but it's a cash machine. Set up to run with minimal expenses in a rare, grandfathered location. Affordable and manageable, perfect for first-time park owner. Still room to increase cash-flow. Sellers are selling to pursue other investment opportunities. Owner is a licensed real estate agent in the state of MT.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $275 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $80,160 |
| Operating Expense: | $58,613 |
| Net Operating Income: | $41,837 |
| Expense Ratio: | 73.1 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $275 |