Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Listing ID: 1481220
  • Posted On: Jul 21, 2021
  • Updated On: Oct 20, 2021

Description

34-Unit Park, almost 7-Acres in town, 11-units currently rented or 32% Occ. still 9- other houses to rehab, big upside, lot rent 350./350. house payments, bringing 5-more used homes in the next 2- weeks-Done..No rent increase last year, fill vacant lots, sub-meter, nice small town, includes all equipment(John Deere rider )F-250 4x4 with Hiniker snow blade, mowers, wackers..etc..... serious offers only. Can entertain SOME seller financing if needed as a
minimum example would be like 175k down 3yr CD so we can clear the title. All lots have 2- car concrete driveways Drive through only please- no contact with residents, showings by Appt. Will consider a 1031 exchange. Additional 12 acres that adjoins the park that can be purchased, could bring in like 60 more units if layed out right

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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 32.0 %
Year Built: 1970
Average MH Lot Rent: $350
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $67,170
Operating Expense: $24,600
Net Operating Income: $42,570
Expense Ratio: 36.6 %

Lot Information

Singlewide Lots: 34

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $350

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