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: 13.7%
  • Listing ID: 818309
  • Posted On: May 31, 2017
  • Updated On: Nov 2, 2017

Description

Whether you are a seasoned buyer or a first time buyer, this is the park for you.
52 improved lots, 45 mobile homes of which only 6 are park owned rentals, 25 homes under lease/ purchase agreements ($200 home / $250 lot rent,$450 total), 3 lot rent only and 8 homes to be remodeled and sold under our program. We have a waiting list of over 20 people waiting to buy. With current annual income of $171,780.00 and $43,200.00 to be added for a total income of $214,980.00 this is a great investment.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 52
Total Occupancy: 67.0 %
Year Built: 1982
Average MH Lot Rent: $250
Size: 12 acre(s)

Financial Information (Actual)

Gross Income: $171
Operating Expense: $24
Net Operating Income: $147
Expense Ratio: 14.0 %
Debt Info: No debt

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $400

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