Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1130334
- Posted On: Sep 6, 2019
- Updated On: Jan 6, 2020
Description
10 acres with 30 lot rent only and 3 park owned homes available for sale. Park was acquired "as is" includes many improvements and includes additional lots for future potential. Improvements of the park include, road improvements, mobile home renovations, rent increases, upgraded infrastructure and lot rent conversations. Quiet and safe park with many long term tenants who mostly deposit directly to the bank, so easy collection process. Sellers will share network
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Park Information
| Number of MH Lots: | 45 |
| Average MH Lot Rent: | $200 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $8,000 |
| Operating Expense: | $22 |
| Net Operating Income: | $6,240 |
| Expense Ratio: | 0.3 % |
Lot Information
| Singlewide Lots: | 45 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $500 |
