Mobile Home Park Details

  • Listing ID: 13150
  • Posted On: Jun 2, 2010
  • Updated On: Mar 13, 2014

Description

NO FINANCING AVAILABLE

Good location situated close to everything in town. All units on city sewer system and have their own electric and water meters. Property has averaged $26,000 a year last 3 years with expenses around $3500. Park has been neglected this year and currently only has 2 units rented. Units ages run between 1985 and 1992. Three are 3 bedroom and 3 are 2 bedroom. Each unit could use a little TLC nothing major. Do not have Titles and registrations for each unit so property will be sold with Bill Of Sale saying 6 mobile homes to be included with property

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 6
Year Built: 2001
Average MH Lot Rent: $400

Financial Information

Gross Income: $26,000
Operating Expense: $3,500
Net Operating Income: $22,500
Expense Ratio: 13.5 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $400