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, New Loan
- Cap Rate: 7.6% (Pro Forma)
- Listing ID: 793887
- Posted On: Mar 21, 2017
- Updated On: Apr 22, 2024
Description
Awesome Mobile Home Park investment opportunity, $400,000 price reduction as of 5-29-17 Priced for immediate sale at just $999,000, 12 units including 9 park owned, two leased spaced and a 3 bedroom 1500 Sq. Ft. residential home. $140,400 gross proforma income and $106,400 net proforma. 10.6 proforma Cap Rate City water with septic systems. Great level site with room for expansion. Neighboring sites under the same zoning are being developed into warehousing and manufacturing facilities.
Don't miss out on the great opportunity to own a great park in a developing area.
Call Dave Hilbert 425-280- 6542, Real Estate 2000 Corp.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $975 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $140,400 |
| Operating Expense: | $34,000 |
| Net Operating Income: | $106,400 |
| Expense Ratio: | 24.2 % |
| Debt Info: | $340,000 |
Lot Information
| Singlewide Lots: | 5 |
| Doublewide Lots: | 7 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 10 |
RV Information
| Number of RV 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: | $975 |