Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.7% (Actual)
- 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 |
Lot Information
| Singlewide Lots: | 50 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
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 |