Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 930909
- Posted On: May 23, 2018
- Updated On: Jul 22, 2018
Description
This is a perfect "starter" park (was my first one). I am selling it because it no longer fits in my portfolio. Please email the attached NDA to info@sixrockprop.com
-21 Lots
-18 Tenant Owned
-1 Park Owned (manager lives there w/ reduced rent)
-Submetered public water/sewer that is billed back to the tenants
-Lot rents are $125-135 (market is $160)
-Rents deposited directly into our bank account
-Minimal expenses
-Very good onsite manager
Manager currently reads meters and sends over readings so we can create invoices. We are in the middle of have Conservice install digital meters and they will handle billing.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Lot Information
| Singlewide Lots: | 21 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $400 |