Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 15.0%
  • Listing ID: 121094
  • Posted On: Feb 22, 2012
  • Updated On: Jun 5, 2017

Description

Opelika/Lanette,Al....these 2 parks each have 17 units and some room for 2-3 more pads in one of the parks. they are sep/metered for electric and gas and furnish water. Parks are on septic tanks management is in place and will stay and the same owner has had these 2 parks for over 25 years!! They are about 15 miles from each other. this is a 'fire sale' deal now!! DON['T CALL ME WANTING OWNER FINANCING AS IT AIN'T GONNA HAPPEN!! GO TO EMCATLANTA.COM FOR A LOOK AT THESE PICTURES!

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 95.0 %

Financial Information

Net Operating Income: $70

Lot Information

Singlewide Lots: 34

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 34
Average Rent for Park-owned Homes: $400

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