Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 5.0%
  • Listing ID: 862403
  • Posted On: Sep 24, 2017
  • Updated On: Oct 6, 2017

Description

90 Space Rural MHP with only 6 lots rented @ $130. No other homes in park. No park owned homes. All lots have a septic tank and power and water. Dirt roads needs TLC. HUGE UPSIDE. Septics and master metered water. 30 acres. Land alone is worth the asking price. Cash only. Priced for quick sell. UNDER CONTRACT! ACCEPTING BACKUP OFFERS ONLY!!

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Park Information

Community Type: All Age
Number of MH Lots: 90
Total Occupancy: 6.0 %
Year Built: 1950
Average MH Lot Rent: $130
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $10,000
Operating Expense: $2,500
Net Operating Income: $7,500
Expense Ratio: 25.0 %

Lot Information

Singlewide Lots: 90

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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