Mobile Home Park Details
- Cap Rate: 10.5%
- Listing ID: 13201
- Posted On: Jun 2, 2010
- Updated On: Jul 6, 2011
Description
Price was $17,700,000, reduced due to built-out cost less than estimates
New 4.5 star community, 319 spaces, all built and ready.City water, sewer and trash, all resident paid. Brick community bldg. with 3 offices, kitchen, restrooms computers, etc. Pool plus kiddie pool, clubhouse with pool chairs, storage bldg. Beautiful stone entrance with controlled access gate. 262 spaces with homes on, most less than a year old. Many homes sold on contract, with payments discounted approx. one third for your added profit. 57 spaces vacant from new for your upside too. Income be over $2,000,000 per year plus the 57 spaces!! Price includes park and all the contracts. Great location just off the I-410 Beltway.
PRINCIPALS ONLY PLEASE.
Amenities
- Storage
- Pool
- Club House
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Park Information
Number of MH Lots: | 319 |
Total Occupancy: | 82.0 % |
Average MH Lot Rent: | $395 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |