Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 13.0%
  • Listing ID: 13109
  • Posted On: Jun 2, 2010
  • Updated On: Mar 24, 2017

Description

Very nice mobile home park located in a country setting. The 42.54 acres are wooded and rolling and have been well maintained. Some tenants have been in residence for years and love it. This park is located near 385 bypass south of Greenville, SC. Greenville is a top growth area in the US and one of the top places to retire. This area has had national attention due to the healthy economic climate, industry growth, job creations, infrastructure and cultural arts. This property is a steady investment for someone looking for residual income. NOI $287,514.

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Park Information

Community Type: All Age
Number of MH Lots: 84
Total Occupancy: 100.0 %
Year Built: 1995
Average MH Lot Rent: $250
Size: 43 acre(s)

Financial Information

Gross Income: $367,932
Operating Expense: $80,418
Net Operating Income: $287,514
Expense Ratio: 21.9 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 46
Average Rent for Park-owned Homes: $525

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