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: 12.0% (Actual)
- Listing ID: 804973
- Posted On: Apr 21, 2017
- Updated On: Apr 25, 2017
Description
Grow your investment 300% in 3-4 years using this 391 Usable Lots with affordable home Connection holding nearly $2M annual income potential!
250 Current Homes with $40k+/month semi-immediate upside with rehab investment.
150 Current Residents with $60k/monthly income.
Consultancy Available.
SERIOUS INQUIRES ONLY PLEASE
Amenities
- Club House
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 391 |
| Total Occupancy: | 60.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $305 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $600,000 |
| Operating Expense: | $180,000 |
| Net Operating Income: | $420,000 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 300 |
| Doublewide Lots: | 91 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 100 |
| Average Rent for Park-owned Homes: | $160 |
