Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Commercial Building Interior
Commercial Building Interior
Commercial Building Interior
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.0% (Actual)
- Listing ID: 876217
- Posted On: Nov 7, 2017
- Updated On: Mar 1, 2018
Description
This MHP consists of:
• 15-spaces/Units
• 1 Apt
• 7080+ sf Warehouse
Current Income:
• $115,000 Gross Revenue
• $75,000 NOI
There is a Propane business and coin-op laundry included that provides additional income.
Property is currently 95% occupied with a stable tenant base and low turnover. Seller collects rent on a weekly schedule.
Commercial Building is in good condition and is currently being used as storage by the owner. This building could be leased out as:
• Thrift Shop
• Storage Facility
• Restaurant (there is a restaurant area within this building)
Seller is motivated and will consider all reasonable offers. Property is not in distress but Seller wants to sell.
Bank Financing available to a qualified purchaser.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 90.0 % |
| Average MH Lot Rent: | $750 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $115 |
| Operating Expense: | $40 |
| Net Operating Income: | $75 |
| Expense Ratio: | 34.8 % |
Lot Information
| Singlewide Lots: | 15 |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $750 |
