Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1123579
- Posted On: Aug 21, 2019
- Updated On: Feb 3, 2020
Description
Excellent income-producing opportunity for investor or self-employed individual. The park sits on 7+ acres in a quickly developing area south of Andalusia, AL. Currently the park includes 12 single-wide mobile homes, 1 double-wide mobile home, one newly renovated house, and additional acreage to add more homes. Serious inquiries only.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 19 |
Total Occupancy: | 100.0 % |
Year Built: | 2007 |
Average MH Lot Rent: | $400 |
Size: | 7 acre(s) |
Financial Information (Actual)
Gross Income: | $56,282 |
Operating Expense: | $10,333 |
Net Operating Income: | $40,456 |
Expense Ratio: | 18.4 % |
Lot Information
Singlewide Lots: | 12 |
Doublewide Lots: | 1 |
Park Model Lots: | 19 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 14 |
Average Rent for Park-owned Homes: | $400 |