Photo of trailer park
Photo of trailer park
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of trailer park
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 12.5%
  • Listing ID: 508209
  • Posted On: Feb 10, 2015
  • Updated On: Nov 23, 2015

Description

Tucked away West side of Loveland, yet very convenient location! Plenty of well groomed trees. With a 1.7% vacancy rate in Northern Colorado this make this VERY EASY rentability! Here is a chance to own what most investors consider the best ROI!! RV park developed in the 60's & evolved in stages over several years into a trailer park Well maintained, great management company that would be willing/like to stay on. 67 renters, 1 stick built (nice shape, built in 1950), 19 lot-only, 46 park owned trailers. Each trailer IS metered and they pay their own electric & gas. The maintenance person reads the WATER meter every month and then that is split and paid by each tenant. There is also a $16.41/per tenant for a community fee that covers, trash & sewer. (Average MH Lot is average of all noted above. Lot only is currently $350/month) Located in the COUNTY, so NO City Inspections!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 67
Total Occupancy: 100.0 %
Year Built: 1960
Average MH Lot Rent: $641
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $488
Operating Expense: $125
Net Operating Income: $363
Expense Ratio: 25.6 %

Lot Information

Singlewide Lots: 65
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 47
Average Rent for Park-owned Homes: $750