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, New Loan
- Cap Rate: 10.1% (Actual)
- Listing ID: 939360
- Posted On: Jun 8, 2018
- Updated On: Mar 5, 2019
Description
Fawn Estates is an excellent opportunity to purchase a cash
flowing mobile home park with upside. The property has 20
mobile home spaces with 15 occupied,1 vacant home available for
remodel, 4 vacant spots, 1 stick built home and includes 2
enclosed garages one for equipment & 1 for rent. Two of the 15
occupied homes are park owned homes being rented out.
The property is on city water, which is paid for by the park. This
could be sub-metered for extra income potential. The sewer
system is septic.The property has 18 singlewide lots and 2 doublewide lots.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 81.8 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $255 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $58,440 |
| Operating Expense: | $16,040 |
| Net Operating Income: | $42,400 |
| Expense Ratio: | 27.4 % |
Lot Information
| Singlewide Lots: | 18 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $650 |
