Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 849154
  • Posted On: Aug 25, 2017
  • Updated On: Sep 22, 2017

Description

Exceptional lot rent only mobile home park in the heart of the bustling upstate of SC. Metered city water and sewer. One investor owns all 15 homes and direct deposits lot rent in the amount of $2800 monthly. Investor pays for all trash and lawn care. Fixed expenses in the amount of $1300 annual property taxes and $350 liability insurance are the only overhead annually for the park. One vacant space. It doesn't get any easier than this! Completely hassle free return in an ever growing market. These deals don't come up often!

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 93.0 %
Year Built: 1989
Average MH Lot Rent: $187
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $33
Operating Expense: $1,500
Net Operating Income: $32,000
Expense Ratio: 4545.5 %

Lot Information

Singlewide Lots: 16

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City