Mobile Home Park Details
- Listing ID: 14051
- Posted On: Jun 28, 2010
- Updated On: Aug 18, 2011
Description
Great income producing park, perfect for starting out!! 33 total units mostly park owned, 14 park owned mobile homes, 18 park owned RV's, 1 pad rental on 4+ acres.
Owner maintained, can be a top notch park with a little updating, manager and future capital expenses are all accounted for in park expenses. Owner expenses are calculated at 31% of park's gross income, we increased expenses to 45% of gross income and based the Net Operating Income off of that.
Park usually maintains 100% occupancy. Park operates off of 2 wells and private septic tanks, park pays electric. Park has own coin operated laundry room. Park income is not based on fully occupied park, this the actual income as of last month, and all future expenses are accounted for. Seller financing available with substantial amount down!!
Amenities
- Laundromat
Park Information
Number of MH Lots: | 33 |
RV Information
Number of RV Lots: | 18 |
Utility Information
Water: | Well |
Sewer: | Septic |