Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Listing ID: 675711
  • Posted On: Jun 9, 2016
  • Updated On: Jul 27, 2016

Description

175 Park owned Mobile Homes average age 2000 and above. The Park was built in 1997 and expanded 2000,2006,2009. The park is adjacent to the city limits but located in the county with no city tax. The water and sewer is billed directly to tenant from city utility. County trash pickup at no charge. All streets are concrete with concrete parking and side walk to front door. Seller will finance 3,750,000.00 at 4% interest for 30 years. 1st Mortgage only will not hold a second mortgage.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 175
Total Occupancy: 100.0 %
Year Built: 1997
Size: 35 acre(s)

Financial Information (Actual)

Gross Income: $1,100,000
Operating Expense: $300,000
Net Operating Income: $800,000
Expense Ratio: 27.3 %

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: 175
Average Rent for Park-owned Homes: $560

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