Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0%
- Listing ID: 1275965
- Posted On: Jun 23, 2020
- Updated On: Sep 24, 2020
Description
This little park is the perfect park for a first timer. It is located just
5 minutes to Super Walmart
14 min from Daleville Al
37 min from Dothan Al
31 min to Florida
1 hour & 48 min to Panama City Florida
This park is on city water and sewer. (direct billed)
1 vacant lot
17 lots , 15 POH, 1 TOH, 1 VL
Gross Collections $92,340
Expenses $37,738
NOI $54,601
Mostly Month to Month lease
Stays full.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $125 |
Financial Information (Pro Forma)
| Gross Income: | $92,340 |
| Operating Expense: | $37,738 |
| Net Operating Income: | $54,601 |
| Expense Ratio: | 40.9 % |
| Debt Info: | 150K |
Lot Information
| Singlewide Lots: | 17 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $508 |
Similar Mobile Home Parks for Sale
All Age Community
8 Lots