Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5%
- Listing ID: 1348187
- Posted On: Oct 29, 2020
- Updated On: Feb 17, 2021
Description
Park consist of both park owned and tenant owed homes and rv's.
Park situated on multiple parcels totaling
approx 10 acres.
For Information Contact Mark Davis 251-210-2913
loweralreservices@gmail.com
offering our assignable purchase contract for sale
Offered by licensed RE agents working for their own account
Location
In a bedroom community in North West Mobile
county Alabama, 14 miles from downtown Mobile.
Traffic count over 20,000 cars daily on Moffett Rd.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 41 |
| Total Occupancy: | 66.0 % |
| Average MH Lot Rent: | $395 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $146,760 |
| Operating Expense: | $44,100 |
| Net Operating Income: | $102,660 |
| Expense Ratio: | 30.0 % |
Lot Information
| Singlewide Lots: | 41 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
