Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 5.5% (Actual)
- Listing ID: 890992
- Posted On: Jan 2, 2018
- Updated On: Dec 30, 2021
Description
29 Spaces - 12 MH & 17 RV. 12 MH Spaces - 5 Occupied (1 POH & 4 TOH) & 7 Vacant. 17 RV Spaces - 10 Occupied (1 Pays his own electric - $325 lot rent) & 7 Vacant (6 of these spaces are still waiting to be finished. Utilities are in but electric panels are not.) New Water & Electric lines! All RV Spaces have 20, 30 & 50-amp capabilities and are sub-metered for electric!
City Water & Sewer. City Electric. Gas is Propane and Trash is serviced Privately. Water, Sewer and Trash are Included in Rent. RV spaces includes w/s/t/500kw hours of Electric.
There is a laundromat in front of the park that includes 9 Top-Loader Washers, 2 30-lb Front-Loader Washers and 7 30-lb Dryers - All New Propane Piping (~$3k) & New Roof as of 2014!
Seller Financing Possible!
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 52.0 % |
| Average MH Lot Rent: | $325 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $74,787 |
| Operating Expense: | $45,899 |
| Net Operating Income: | $28,888 |
| Expense Ratio: | 61.4 % |
Lot Information
| Singlewide Lots: | 12 |
RV Information
| Number of RV Lots: | 17 |
| Average RV Lot Rent: | $425 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $450 |
