Mobile Home Park Details

  • Price:
  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Property ID: 911475
  • Posted on Mar 19, 2018

Property 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: 1.1 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

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