Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
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, Seller Financing
- Cap Rate: 10.1% (Actual)
- Listing ID: 1002504
- Posted On: Oct 26, 2018
- Updated On: Aug 23, 2021
Description
For More Info: https://www.dropbox.com/sh/8zugcfz6abdvxde/AAAojyWjSEU_xAPE3SrDhou6a?dl=0
A quaint 19 lot community nestled on the banks of a stocked pond in Aberdeen MS. 50K down buys you this park. Owner will finance 200k at 7,2 % 5 years. City Water and City Sewer. Everything is direct bill to the tenant. Bring in some new homes, pave the roads, increase the lot rents and you could have solid community. This park originally had small cabins surrounding the pond. Unfortunately this park has succumb to age and needs someone to come in and revitalize this community.. It has good bones and just need homes.
Location
level with pond
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 74.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $50,460 |
| Operating Expense: | $22,407 |
| Net Operating Income: | $27,753 |
| Expense Ratio: | 44.4 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $450 |