Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 13.0%
- Listing ID: 13165
- Posted On: Jun 2, 2010
- Updated On: Jan 5, 2014
Description
The park is in a rural setting and includes an older frame house occupied by the manager and renting for $625 per month.
Two scenarios: 1) Rent the remaining 12 lots as lots only 2) Purchase repos for the remaining lots. Seller holds a Manufactured Home Dealers License and can assist on repo purchases.
The attached Property Facts sheet shows a brick home which is no longer part of the property. Accordingly, a revised Property Facts sheet showing this change and a subsequent new price will follow shortly.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 24 |
| Total Occupancy: | 45.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $450 |