Contact Information
Ron Pillay
Spring Cove RV Park LLC
Spring Cove RV Park LLC
Mobile Home Park Details
- Price: $530,000
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 6095784
- Posted On: Jun 6, 2024
- Updated On: Jul 25, 2024
Description
46 sites - All tenant owned homes all tenant owned homes - 50 % occupied.
lot rents $275.00 x 23 $6326 monthly gross
Realtor professionally managed 8% fee
expenses $1000.00 total
NOI $5300.00
10% cap
Financing available 30% down at 9% 20 year fixed.
Location
Woodwood Oklahoma
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| 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 |