Property Description

37 lot rent only park on septic and county water...26 lots paying. rents haven't been raised in years,which is the first thing you can sewer water is next door..park is seperately metered if u want to read meters,then u can...Park is netting over $22k/yr..rents are the lowest in 'bama at $112/mo...need to go to $150 when you buy the park......owner runs park himself but knows of 2 good tenants who can be manager..owner wants a cash offer ,but might finance it at experience....park has 2 units in it that could be foreclosed and rented or sold...... $250k cash at close..or finance with a whole lot down...say 175k,,.finance 75-80k,etc...this is a deal..SEE THIS AT EMCPARKS.COM

Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Property ID: 789740
  • Posted on Mar 3, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 37
Total Occupancy: 70.0 %
Year Built: 1990
Average MH Lot Rent: $112
Size: 5.0 acre(s)

Financial Information (Actual)

Gross Income $42
Operating Expense $14
Net Operating Income $27
Expense Ratio 33.3 %
Debt Info

Lot Information

Singlewide Lots: 37

Park-Owned Homes

Number of Park-owned Homes: 0

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