Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Listing ID: 920270
- Posted On: Apr 18, 2018
- Updated On: Jul 21, 2018
Description
One of the owners is going through a divorce and needs to sell the property. This property has had a lot of work on the infrastructure but now needs to get tenants to make it profitable. Sewer system is up to code with many new lines and new man hole, etc. Over the last year we have cleaned all of the drugs out and the tenants remaining are great! The road is maintained by the city!!
We have an "as complete" appraisal for $1,000,000 on the property.
Please email with any questions!!! Motivated Seller!!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 30.0 % |
| Average MH Lot Rent: | $205 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $14,740 |
| Operating Expense: | $3,997 |
| Net Operating Income: | $10,742 |
| Expense Ratio: | 27.1 % |
Lot Information
| Singlewide Lots: | 50 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $400 |