Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1517203
  • Posted On: Sep 17, 2021
  • Updated On: Oct 24, 2022

Description

7 mobile home spaces with 5 titled mobile homes. A 2112 sq. ft. home which is divided into a 3 bedroom 2 bth apartment and a 3 room commercial space rented by a sign shop. This is 1 of only 2 parks within the city limits of Loris S C. Mobile homes can be replaced with another within 1 year
of removal.

Location

This park is located in the city of Loris S C. Near shopping doctors and within minutes from Tabor City N C, Conway and N. Myrtle Beach. Mobile homes stay 100% occupied.

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Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 1990
Average MH Lot Rent: $200
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $51,420
Operating Expense: $2,500
Net Operating Income: $47,500
Expense Ratio: 4.9 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $550

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