Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 15.0%
  • Listing ID: 983746
  • Posted On: Aug 27, 2018
  • Updated On: Jan 14, 2019

Description

The Original property was 4 separate units on 4 separate lots
Expansion was done to create the park approximately 10 years ago
Included a new Large mound, 6" well with submersed pressure tank, 7 new electric peds, all new hydrants and all underground utilities
Seller may carry up to a 20% second mortgage for a qualified buyer
On an outright purchase we would consider a slightly lower price.
THIS PARK IS WITHIN 20 MILES OF ST JAMES WIS RAPIDS

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 10.0 %
Year Built: 2008
Average MH Lot Rent: $290
Size: 6 acre(s)

Financial Information

Gross Income: $33,354
Operating Expense: $9,239
Net Operating Income: $24,115
Expense Ratio: 27.7 %

Lot Information

Singlewide Lots: 10

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $485