Contact Information

Ron Pillay
Spring Cove RV Park LLC

Mobile Home Park Details

  • Price: $700,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 6095784
  • Posted On: Jun 6, 2024
  • Updated On: Jun 14, 2024

Description

46 sites - All tenant owned homes

Location

Woodwood Oklahoma

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Park Information

Community Type: All Age
Number of MH Lots: 50
Total Occupancy: 50.0 %
Year Built: 1976
Average MH Lot Rent: $275
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $72,000
Operating Expense: $0
Net Operating Income: $40,000
Debt Info: cash or seller financing $150000.00 down 20 year fixed at 9%

RV Information

Number of RV Lots: 20
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $600