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

Mobile Home Park Details

  • Listing ID: 15422
  • Posted On: Aug 17, 2010
  • Updated On: Mar 3, 2011

Description

This is a solid investment opportunity. This park consists
of 13 park owned mobile homes which are primarily late model
and an additional lot ready to put another home on. Rents
have recently been increased to $475 and $500 and 8 of the
13 units are Section 8. Current asking price is based on
previous NOI before rents were raised. Price reflects a
12.5% CAP rate. At the current rent structure, the CAP rate
would be 15.5%. Tenants pay all utilities, water, sewer and
garbage. Park is located in the heart of Church Point and
central to all retail and employment hubs. The park has a
new fence and sits on almost two acres with limestone
driveways. Complete financial analysis is available upon
request.

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Park Information

Number of MH Lots: 14
Size: 2 acre(s)

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $475