SEU
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0% (Actual)
- Listing ID: 594556
- Posted On: Dec 11, 2015
- Updated On: Feb 8, 2016
Description
25 space park OWNER WILL FINANCE
25 SPACES OF WHICH - 1 stick built
3 LOTS HAVE PAYING TENANTS
*COMES WITH 4 ADDL HOMES that will need to be rehabbed.
*City water,sewer-DIRECT BILLED
*Lot rent 275
*Utilities direct billed to tenants
*Park pays trash only
*Stick built home comes w sale-needs to be rehabbed
*2 miles from large university
opportunity to rehab 4 homes /stick built home will triple current gross
great starter park
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 15.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $275 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $12,000 |
| Operating Expense: | $5,000 |
| Net Operating Income: | $7,000 |
| Expense Ratio: | 41.7 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 25 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $450 |