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, Seller Financing
  • Listing ID: 717812
  • Posted On: May 30, 2017
  • Updated On: Aug 9, 2017

Description

38-Space Mobile Home Park, located within walking distance of Western New Mexico University, there are 31 Single wide Park owned Homes with rents ranging from $500-$700 a month and Space rents of $215 a month. the park is currently full other then 3 spaces open for rent with Tremendous upside. the Park has an onsite 900sq foot cinder block office with two garage bays for park equipment / and park Material storage. The park has all City Utilities with each space having independent power meters, most of the yards are fenced with large trees and asphalt roadways with a small community park. Seller Terms Available with $300,000 dn on this Money Maker with Great upside in rents and Occupancy,

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 90.0 %
Year Built: 1975
Average MH Lot Rent: $215
Size: 7 acre(s)

Financial Information

Gross Income: $236,000
Operating Expense: $68,000
Net Operating Income: $168,000
Expense Ratio: 28.8 %

Lot Information

Singlewide Lots: 34
Doublewide Lots: 4

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 31
Average Rent for Park-owned Homes: $600