Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 901202
  • Posted on Feb 27, 2018

Property Description

This park has 5 doublewide manufactured homes with each having their own public water and sewer which the tenants pay. It currently is 100% occupied and is located about 30 minutes outside of Myrtle Beach.

If you are looking for an additional 20 homes that are within 20 minutes of this and the same cap rate please call.

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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 2003
Average MH Lot Rent: $750

Financial Information

Gross Income $46,170
Operating Expense $16,372
Net Operating Income $29,788
Expense Ratio 35.5 %
Debt Info

Lot Information

Doublewide Lots: 5

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $750

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