Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 680444
- Posted On: Jun 23, 2016
- Updated On: Sep 12, 2016
Description
43 lots located 4 miles from the largest military installation in the world (Bragg), metered county owned sewer and water lines. Recently paved streets in 2012 when sewer was brought out. 22 POH's rented, 2 lot rents, 9 in need of rehab, 4 used for storage and maintenance staff, 5 vacant lots. These parks in these locations don't come around often. Significant commercial viability. No owner financing. Email for information packet.
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Park Information
| Number of MH Lots: | 43 |
| Total Occupancy: | 51.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $200 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $9,815 |
| Operating Expense: | $2,700 |
| Net Operating Income: | $85,380 |
| Expense Ratio: | 27.5 % |
Lot Information
| Singlewide Lots: | 43 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
Park-Owned Homes
| Number of Park-owned Homes: | 35 |
| Average Rent for Park-owned Homes: | $450 |