Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 5308969
- Posted On: Apr 16, 2024
- Updated On: Oct 3, 2024
Description
Real Estate Details:
Price: $489,000
Legally Zoned Lots with infrastructure: 15
Occupied Homes: 15
Tenant-Owned Homes (TOH): 9
Park-Owned Homes (POH): 6
Rental Details:
TOH Rent: ALL $100 per month
POH Rent: ALL $450 per month
Proforma Rents :
TOH Rent : $450 Per month
POH Rents :$900 Per month
Underwriting:
Total Expense Ratio for TOH: 30%
Total Expense Ratio for POH: 40%
Total TOH Rent After Expenses: $7,560
Total POH Rent After Expenses: $19,440
Total Net Operating Income (NOI): $30,800
Utility Details:
Water: City Water (directly billed to tenants)
Electricity: Directly billed to tenants
Sewer: City Sewer (directly billed to Tenants)
Trash: included in water/sewage bill
Water Lines: Maintained by the City
Park Infrastructure Details:
Road Material: Asphalt and Gravel (Maintained by the City)
Road Condition: Good
Age of Mobile Homes: 1980s
Email me your first and last name and i will send you a NDA to get the Ball rolling!!
Location
1 & 1/2 hours away from Charleston! South Carolina!
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $100 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $135,000 |
| Operating Expense: | $20,000 |
| Net Operating Income: | $105,000 |
| Expense Ratio: | 14.8 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $450 |
