Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Property ID: 891010
  • Posted on Jan 3, 2018

Property Description

14 park owned units,2 units are in but need finishing inside repairs. 12 units are rented or being cleaned and any repairs needed are being completed. 30 acres, onsite park management and maintenance. Development rules changed 2 years ago and this park is grandfathered in. Has a small pond. Good cash income also very good tax shelter. Manager has lived in this park for 8 years, dependable and honest. Takes care of 90% of maintenance including plumbing, painting, carpentry, a.c. and some electrical problems. Does cleaning and spraying etc. land will support up to 90 units.

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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 75.0 %
Year Built: 2003
Average MH Lot Rent: $535
Size: 30.0 acre(s)

Financial Information (Actual)

Gross Income $60,000
Operating Expense $15,000
Net Operating Income $45,000
Expense Ratio 25.0 %
Debt Info

Lot Information

Park Model Lots: 14

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $575

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