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Ammons MHP Myrtle Beach, SC 29588

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Mobile Home Park Details

  • Purchase Method: Cash, Assumable Loan
  • Cap Rate: 14.0% (Actual)
  • Listing ID: 515392
  • Posted On: Apr 2, 2015
  • Updated On: Jan 21, 2016

Description

100% park owned mobile home park. 27 lots with 25 trailers combination SW and DW, age varies on all. Decent condition (until someone moves out lol) with excellent rental history. Tenants pay electric, entire park is on master water meter which owner pays (Avg. $500/mo.). Long term happy renters! Comes with 2 40' shipping containers full of materials/supplies for repairs etc.
(843) 424-7500

Amenities

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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 100.0 %
Average MH Lot Rent: $637
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $206,400
Operating Expense: $20,400
Net Operating Income: $186,000
Expense Ratio: 9.9 %

Lot Information

Singlewide Lots: 23
Doublewide Lots: 4

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 25
Average Rent for Park-owned Homes: $637

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