Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 588401
  • Posted On: Dec 7, 2015
  • Updated On: Sep 12, 2016

Property Description

Rare opportunity to own a thriving mobile home park. Owner is selling to raise capital for a business venture.

Located in Collinsville, VA, this well-kept and turn-key park is located `minutes from Virginia Avenue, and US 220 and 58. Park is clean, well run, and well maintained. It has city water and septic. Extremely convenient to town, businesses, shopping.

Park currently has spacious lots and happy long-term tenants. In addition to the park, the property comes with a house and a building that has formerly been rented for use as various businesses.

The park has 20 lots. Sixteen lots are rented. Four lots are empty. Two out of four of the empty lots are being used as tenant storage but could be rented. The other two lots are empty, and also could be rented.

A house and additional building convey with the park. The house is rented. The additional building has rented for $400 a month in the past but could rent for more. It also could be converted into residential apartments.

Park currently has a monthly income of $3,175 with very low expenses. If you would like detailed income/expense records, please phone Harmony Communities at (703) 732-8088.

The potential for increased margins exist if new owners consider renting out the 4 remaining lots with park owned homes. Also, because lot rent is below market rate, it could be increased to immediately boost income.

The 80% total occupancy is based on 16 of 20 lots being rented. It does not reflect that the house that conveys with the park also is rented.

The three parked on units consist of the following: Two park-owned trailers that rent for $350 each. One park-owned house that rents for $450.

The park is priced to sell, and is a steal for the right investor.

If you are interested in purchasing the property, please contact us:

Phone: Harmony Communities: (703) 732-8088

Email: happyproperties@aol.com.

Training: Upon request, we are available and happy to help the new owner transition into managing the property.

FOR ADDITIONAL PICTURES:
Please view the web page for this listing at http://mobilehomepark2015.businesscatalyst.com/gallery.html.

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 80.0 %
Average MH Lot Rent: $226

Financial Information (Actual)

Gross Income $3,175
Debt Info None

Lot Information

Singlewide Lots: 20

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $383

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