Contact Information

Mobile Home Park Details

  • Price: $850,000
  • Purchase Method: Seller Financing
  • Listing ID: 5308974
  • Posted On: Apr 16, 2024
  • Updated On: Apr 23, 2024

Description

Property Highlights:
Mobile home park with 24 lots
26.4 acres of land
23 mobile homes occupied, 1 vacant lot
18 homes are tenant owned, 5 are park owned
Current lot rent is $384-$392 per month
Park home rent is $750 per month

Seller financing terms:
$850K Purchase Price
$250K down
5% interest rate
20 year amortization,
NO balloon!!!
Seller has owned for 40 years

Financials:
Gross Rents: $127,944.00
18 tenants paying lot rent at $384 each
5 tenants renting trailers at $750 each

Lot Information:
24 legally zoned lots
24 lots with infrastructure/pickups
1 vacant lot

Building Information:
23 mobile homes
All single wides
5 park owned
18 tenant owned
No vacant homes

Utility Information:
Water: City, included in rent
Sewer: Septic (2 tanks, 2 leech fields)
Electric: Separate meters/ directly billed to tenants.
Trash: Private pickup
Gas: Separate meters
Well water for park area

HUGE ROOM FOR EXPANSION!!!

Email me your First and last name and i will email you an NDA to get the ball rolling!

Location

Upstate New York!

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

Park Information

Number of MH Lots: 24
Total Occupancy: 95.0 %
Average MH Lot Rent: $384
Size: 26 acre(s)

Financial Information (Actual)

Gross Income: $127,944
Operating Expense: $50,000
Net Operating Income: $77,944
Expense Ratio: 39.1 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $750

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