Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1188489
- Posted On: Feb 7, 2020
- Updated On: Jun 1, 2020
Description
Development Opportunity! 1125 Chappell Creek has 3 units on over 10 acres flat, ready to develop land in Hopkins, SC. Existing units occupy less than 1 acre. The remainder can be used as single family home sites, a park expansion or left raw to appreciate in value. Existing cash flow will more than cover expansion. All units are park owned. Existing well can supply additional units. Park and units are well kept and have virtually no deferred maintenance. Property is professionally managed and tenants are rigorously screened.
Amenities
- Storage
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Park Information
Number of MH Lots: | 3 |
Total Occupancy: | 100.0 % |
Size: | 10 acre(s) |
Financial Information (Actual)
Gross Income: | $22,770 |
Operating Expense: | $3,722 |
Net Operating Income: | $19,048 |
Expense Ratio: | 16.3 % |
Lot Information
Singlewide Lots: | 3 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |