Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 13.0%
  • Listing ID: 572854
  • Posted On: Oct 5, 2015
  • Updated On: Jan 10, 2016

Description

One single family two bedroom home, 960 sq.ft., eight coin operated washer and dryers, two septic fields, 5500 and 1000 gallon, Site 2.72 acres, same owner for thirty years. The Park was recently passed necessary State Inspection and
septic systems inspected by Highland Treatment Inc. Land Contract terms;
twenty-five percent down, five year payoff, amortized for twenty years.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 100.0 %
Average MH Lot Rent: $349
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $83,000
Operating Expense: $19
Net Operating Income: $64,000
Expense Ratio: 0.0 %

Lot Information

Singlewide Lots: 22

RV Information

Number of RV Lots: 22
Average RV Lot Rent: $349

Utility Information

Water: City
Sewer: Septic

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