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
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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 |