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
- Cap Rate: 10.0%
- Listing ID: 911475
- Posted On: Mar 19, 2018
- Updated On: Apr 29, 2019
Description
10 space mobile home park for sale, located in the Baptist Valley, area of Tazewell County, VA. Lot rent is $140.00 each month. 4 park owned homes NOT included in initial price but is negotiable at $115,000.00 ( 2018 (3br), 2018 (2 br.), 2000 & 2016). If not interested in the park homes, we would retain ownership and rent the lots from the new buyer. Each tenant pays for water and electric. Included in lot rent is sewer and garbage fees.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $140 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $15,120 |
| Operating Expense: | $4,842 |
| Net Operating Income: | $10,277 |
| Expense Ratio: | 32.0 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $495 |