Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 15.0%
  • Property ID: 863655
  • Posted on Sep 28, 2017

Property Description

Great income property with Cash flows of $150,000. 45 lot mobile home park with 37 park owned homes and 6 tenant owned. Many units have waterfront views. The property is 94% occupied.

One doublewide mobile home is included off-site with a separate waterfront lot. Total acreage is approximately 10.5 acres. The property is located just minutes from downtown Fayetteville, NC. Close to schools and Ft Bragg military base. The park has septic sewer and city water.

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Park Information

Community Type: All Age
Number of MH Lots: 46
Total Occupancy: 94.0 %
Year Built: 1971
Average MH Lot Rent: $417
Size: 10.5 acre(s)

Financial Information (Actual)

Gross Income $210,760
Operating Expense $50,577
Net Operating Income $149,645
Expense Ratio 24.0 %
Debt Info

Lot Information

Singlewide Lots: 45
Doublewide Lots: 1

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 37
Average Rent for Park-owned Homes: $417

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