Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 1007306
- Posted On: Nov 12, 2018
- Updated On: Jun 11, 2019
Description
The beautiful MHP offers a great opportunity for the Investor seeking to earn a significant return. The park currently being operated by the owner who is elderly and can no longer manage the park, losing tenants and revenue.
This park offers:
· 4-acres
· 19-spaces
· 14-POM
· 4-Park Owned RV (Must be Replaced with MH Units)
· County Water
· Septic (2-Tanks Serviced every 6 months)
· 50% Occupancy
This property includes a waterfront park area for the tenants, complete with 5 bridges providing access across the creek.
Park is in great condition but needs some minimal cosmetic work.
There are four park owned RV on site included with this sale. The RV’s are in good condition. The new owner may want to sell these units or move them to another location.
Financing: The seller will accept a cash offer or provide Seller Financing to a qualified purchaser.
Seller Financing will include:
· 75% LTV (25% Down Payment)
· 5.5% Interest Rate
· 25-Year Amortization
· 5-Year Balloon
Proof of Funds must accompany all offers!
Park Information
Community Type: | All Age |
Number of MH Lots: | 19 |
Total Occupancy: | 50.0 % |
Year Built: | 1978 |
Average MH Lot Rent: | $400 |
Size: | 4 acre(s) |
Lot Information
Singlewide Lots: | 19 |
Utility Information
Water: | City |
Sewer: | Septic |