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: 9.4%
- Listing ID: 917003
- Posted On: Apr 7, 2018
- Updated On: Feb 19, 2019
Description
FOR FINANCIALS AND MORE INFORMATION CLICK HERE BELOW!
https://www.surveygizmo.com/s3/4297589/Confidentiality-Agreement
32 Lot all tenant owned homes. This community sits just off the main road in town. Filled with very long term residents who pay for everything. This community has HUGE upside. The lot rents have not been bumped up in ages. Add 5 new 1b/1bath Legacy tiny homes to the park and bump the lot rents up and you could have a $900,000 community. Let us show you, how we do it !
Most Sewer and Water lines were replaced two years ago.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 87.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $135 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $54,120 |
| Operating Expense: | $4,755 |
| Net Operating Income: | $46,659 |
| Expense Ratio: | 8.8 % |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
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