Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 15447
- Posted On: Aug 17, 2010
- Updated On: Oct 19, 2010
Description
ELDORADO MHP, 57 SPACES (15 ACRES ON HIGH BLUFF)
WITH 49 MOBILE HOMES (MEDIAN AGE '87), SOME
DOUBLEWIDES, COUNTY WATER, 57 SEPTIC TANKS, M.A.I.
APPRAISAL @ $1,150,000 (BEFORE OWNER ADDED 12 UNITS
IN JUNE). POTENTIAL GROSS INCOME $250,000/YR.
HISTORICAL HIGH GROSS $150,000/YR., HISTORICAL LOW
GROSS $100K. REDUCED FROM $1,250,000 TO $995,000.
GREAT MANAGEMENT IN PLACE.880 ADVERTISING, 1260
CLEAN & MAINTENANCE, 7048 INSURANCE, 1580 LEGAL,
5769 MGMT, 18,611 MAINT., 7,191 SUPPLIES, 2,489
TAXES, 6,645 UTILITIES,
TOTAL: $51,473 CALL RON OR DEAN (910)371-2999
Amenities
- Storage
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Park Information
Number of MH Lots: | 57 |
Total Occupancy: | 85.0 % |
Year Built: | 1995 |
Average MH Lot Rent: | $125 |
Size: | 15 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 49 |
Average Rent for Park-owned Homes: | $125 |