Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Listing ID: 724046
- Posted On: Nov 19, 2016
- Updated On: Feb 24, 2017
Description
Owner passed away, family is now ready to sell.
Unique opportunity to own a property that out performs almost every other asset class out there. 24 lot Mobile Home Park for sale. Situated near to the shores of beautiful Lake Barkley, in the Kentucky Lakes region.
• 24 Lot space Mobile Home Park
• Close proximity to Lake Barkley & Kentucky Lakes Region
• RV Lots with water, electric and sewer hook up
• Utility Shed, Tractor
• Resident Manager/Maintenance man
• Easy access to everything needed: employment, schools, shopping.
• Wonderful community feel with year round activities for 4th July, Easter etc.
• 1 of only 3 properties zoned for Mobile Home communities in the county
These lots are extremely sought after by employees of the nearby factory and the massive Land Between the Lakes National Recreational area. Currently Several long-term occupants. The park has the ability to generate a lot of income.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 40.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $48 |
| Operating Expense: | $16,800 |
| Net Operating Income: | $31,647 |
| Expense Ratio: | 35000.0 % |
| Debt Info: | no debt |
Lot Information
| Singlewide Lots: | 24 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $500 |