Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0%
- Listing ID: 700052
- Posted On: Aug 26, 2016
- Updated On: Sep 7, 2017
Description
10 park owned mobile homes
7 mobile homes with heat pumps, 2 mobile homes with window units, 1 mobile home with central air and electric heat
Also has a 1600 sq ft home that is 4 bed, 2 bath with heat pump (2600 Jamestown Rd). Great rental history.
Operating expense of $2800.00 per year
Location
Appoximately 3 miles from Interstate 40, Exit 98. Close to town and schools.
Public water provided to the park by Brentwood Water Corporation.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $450 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $4,735 |
| Operating Expense: | $2,800 |
| Net Operating Income: | $54,000 |
| Expense Ratio: | 59.1 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $450 |