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
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
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
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
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
  • Cap Rate: 10.0%
  • Listing ID: 781301
  • Posted On: Jan 29, 2017
  • Updated On: Jan 2, 2018

Description

The Evergreen MHP consists of 82 existing pads, 10 owned homes, 23 Financed Homes situated on 61 acres. The park has city water and city sewer, and is paid by the tenants. There are 9 vacant pads that could be rented for potential future revenue. Total Income is $315,505.20 and the Total Expenses are $78302.23. A park that is very rare because the Town of Clinton bills the tenants. “EXCELLENT OPPORTUNITY”

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Park Information

Community Type: All Age
Number of MH Lots: 82
Total Occupancy: 90.0 %
Year Built: 1975
Average MH Lot Rent: $250
Size: 61 acre(s)

Financial Information (Actual)

Gross Income: $315,505
Operating Expense: $78,302
Net Operating Income: $237,202
Expense Ratio: 24.8 %

Lot Information

Singlewide Lots: 82

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $600

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