Mobile Home Park Details
- Cap Rate: 7.5%
- Listing ID: 107792
- Posted On: Nov 8, 2011
- Updated On: Nov 13, 2012
Description
This property is a 6.9 acre, operating mobile home park. The park owns 12 mobile homes in varying sizes as large as 14x60. Sunrize has an occupancy rate above 90%. The park has infrastructure to support up to 42 lots. The average lot size is 40'x100'.
Sunrize is a prifitable business with no debt. This is an excellent investment opertunity with potential for growth. There are currently 10 RV lots which, with a little effort, could be converted to revenue very quickly. They have water, sewer, electricity and just need the land to be cleared of under growth.
The park owned homes have been well maintained and are generally good repair.
Location
Sunrize is located in the Central Savannah River Area (CSRA) located only .5 miles from the entrance to the Savanah River Site, the area's largest employer.
Sunrize is located 2 miles beyond the city of New Ellenton off of hwy 19 near Aiken SC.
Park Information
| Number of MH Lots: | 42 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1989 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $45,000 |
| Operating Expense: | $26,260 |
| Net Operating Income: | $15,000 |
| Expense Ratio: | 58.4 % |
| Debt Info: | Debt free |
Lot Information
| Singlewide Lots: | 42 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 10 |
| Average RV Lot Rent: | $120 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $400 |