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
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
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
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
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 14.5%
  • Listing ID: 899980
  • Posted On: Feb 21, 2018
  • Updated On: Oct 15, 2019

Description

Income producing mobile home park. The park consists of 10 park owned homes, all on city utilities. There is also a 3/2 single family residence inside the park being rented as well. This is located in a quickly expanding part of town. With thousands of new jobs coming to Bay County via Tyndall Air Force Base and Eastern Shipbuilding this is a great time to buy income property in Bay County. There is room to raise rents on the majority of the homes. Excellent opportunity.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 91.0 %
Year Built: 1975
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $70,200
Operating Expense: $12,000
Net Operating Income: $58,200
Expense Ratio: 17.1 %
Debt Info: None

Lot Information

Park Model Lots: 10

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $500

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