Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 15.0%
  • Listing ID: 15378
  • Posted On: Aug 17, 2010
  • Updated On: Jul 24, 2013

Description

Mobile Home Park for sale with 40 individually metered and divided spaces, keep as a park or sell off the individual lots. Currently there are 18 lots occupied, rental increase notice has just been provided to residents bringing all rents to $110 per month in 90 days.

Great upside potential as there are basically no expenses, only a small common area electric bill. Manage it yourself or hire one of the local residents to look over the park and collect rents for you. .

Near the local power plant with a strong and stable work force People are consistently asking about lots for rent and homes for rent, this is a great little park for anyone new to the business, a little work will pay off.

Priced way below market or replacement value for quick sale $205,000 Cash/Bank Financing offers only please, we would possibly consider a small second mortgage as well. Send an email for more information. Will offer 6% commission to any agent bringing a buyer. Motivated Seller. Bring all offers.

Location

In between Winslow and Holbrook, about 1 hour from Flagstaff

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 45.0 %
Year Built: 1970
Average MH Lot Rent: $110
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income: $40
Operating Expense: $7
Net Operating Income: $33
Expense Ratio: 17.5 %

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0