Mobile Home Park Details
- Listing ID: 12751
- Posted On: Jun 2, 2010
- Updated On: Oct 19, 2010
Description
There are 35 spaces, 2 lot rents and 30 park owned homes. There is a laundry/ office/ efficiency apartment located on property as well. On-site management and maintenance run the park.
The two lot rents are $250.00 each per month, the laundry generates approx. $1500 a year, the 28 units generate $10,363 Per month?) when fully rented.
The park pays water, trash and street lights only.
Most of the homes are mid 80s to early 90s singlewide models and rents average between $80-100 with a couple of older homes at $75 a week. We have two doublewides at $125weekly.
The park is close to a college, on highway and very close to a second with tons of traffic. Park has been at 100% this whole year with only some slowing now. This is a great opportunity with loads of upside and positive cash flow.
There are three homes that need repair and are not rented
You also have three empty lots and an efficiency to generate cash.
Average monthly expenses run between $2800-$3200
Location
The park is in a great location on a state highway (411) and a new bypass and off ramp located right behind the park. Upside commercial potential seems unlimited. Park is on approx. three acres with large road frontage.
Park Information
Number of MH Lots: | 35 |
Average MH Lot Rent: | $250 |
Utility Information
Water Paid By: | Park |
Park-Owned Homes
Number of Park-owned Homes: | 30 |
Average Rent for Park-owned Homes: | $100 |