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, New Loan
  • Listing ID: 908632
  • Posted On: Mar 13, 2018
  • Updated On: Jun 11, 2018

Description

The Country Mobile Home Park built in 1972 is an all-age 84-space park consisting of 63 single wide spaces and 21 RV spaces. It encompasses 6.10 acres and includes a 750 square foot remodeled office with a bathroom and shower. Parking is adequate throughout the park with plenty of extra street parking for guests.

There is mature landscaping, consisting of trees, shrubs, mowed lawns and common areas. Roads are composite packed gravel base. Many space sites have manicured lawns and gardens. Water and sewer are provided by Monte Vista City
services and billed back to tenants by the landlord. Gas and electric are provided by Xcel Energy and billed direct to tenants. Trash is included in the space rent.

There are no park owned homes (POH) and eight homes on rent-to-own (RTO) contracts. Rental income from the RTO contracts is not included in the Gross Revenue, and therefore not part of the underwriting, however, the RTO contracts will be transfered to Buyer at closing a no cost.

Although there are some long-term RV rentals in the park, the majority of RV spaces lease up in mid to late summer, and run nearly full through the fall months. Last years revenue from RV’s is included in the gross revenue. Marketing for longterm RV rentals could substantially increase occupancy in the RV section of the park and add significant income upside.

There is a full time, on-site manager and full time maintenance person who live in the park and take care of all of the day to day operations and maintenance.

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

Park Information

Community Type: All Age
Number of MH Lots: 84
Total Occupancy: 84.0 %
Year Built: 1972
Average MH Lot Rent: $285
Size: 6 acre(s)

Lot Information

Singlewide Lots: 63

RV Information

Number of RV Lots: 21
Average RV Lot Rent: $320

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

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