Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 830168
  • Posted On: Jul 7, 2017
  • Updated On: Sep 13, 2022

Description

Units: 19 (2 are in process of remodel -- a 2-unit stick-built home);Plans for Duplex - Buildout approx $90000, Rent approx $2000-$2200
8 units are permanent stick-built homes owned by park. Monthly gross (upon completion of remodel): $11,620 + $950 utility bill back = Approx $12,500 Current gross income: $9,485 (utility bill-back process begins this month). - Nearing completion of $52,000 water filtration system. Property has own water system and septic system.

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Park Information

Community Type: All Age
Size: 4 acre(s)

Financial Information

Gross Income: $80,361
Operating Expense: $36,024
Net Operating Income: $44,337
Expense Ratio: 44.8 %

Utility Information

Water: Well
Sewer: Septic

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