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Outz Mobile Home Park Somewhere in South Carolina

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0% (Actual)
  • Listing ID: 6154780
  • Posted On: Jun 7, 2024
  • Updated On: Jul 25, 2024

Description

Established 7 acre mobile home park in Greenwood County. Avg residency 9 years. Lots of potential with available lots and acreage for expansion.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 61.0 %
Year Built: 1970
Average MH Lot Rent: $200
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $81,000
Operating Expense: $25,000
Net Operating Income: $56,000
Expense Ratio: 30.9 %
Debt Info: 0

Lot Information

Singlewide Lots: 10
Doublewide Lots: 13

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $490

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