Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1364274
  • Posted On: Dec 4, 2020
  • Updated On: Feb 15, 2025

Description

I own Mobile Homes USA in Fort Myers and purchased this 3AC park with City Water and Sewer to develop it out with FEMA homes I own or can buy and rehab from my other 13 AC Park w/pond in Selma, AL which is also available on request. I have 9 Spaces with utilities around the right and back side of the park with 3 homes rented and room for 12 Mobile Home Spaces in the
left and center for which I need to complete utilities for. I own the property free and clear so you can get a development loan if needed

I am seeking a partner or buyer to develop the park and have a Clear deed to property and a furnished RV for the buyer or his employee to live in on site if desired and own two other homes which are rented out.

The property currently has all utilities connected to 9 mobile home spaces along the right and rear perimeter and room for 12 Mobile Home spaces in the Left and Center of the property directly accessible from the main road.

I also own a 13 AC Park with pond in Selma, AL which is 27 miles away that has 8 spaces that I use as a rehab and storage facility for used homes and repos. I have homes at this facility now which I have paid appx $5000 per unit for that need some rehab at minimal cost that can be moved to Marion.

Therefore if we fill all 21 Spaces we should gross over $200,000 in mobile home sales plus $500 x 20 = $10.000 per month x 12 = $120,000 in annual rent allowing 1 space for a property manager. Total development costs should be in the $50-$60,000 area which we should be able to finance with a construction loan using the property as collateral.

Location

Quiet secluded park in suburban Marion

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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 5.0 %
Year Built: 1982
Average MH Lot Rent: $500
Size: 3 acre(s)

Financial Information (Pro Forma)

Debt Info: NONE

Lot Information

Singlewide Lots: 21

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $400