Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 93.0%
- Listing ID: 1553921
- Posted On: Nov 16, 2021
- Updated On: Feb 22, 2022
Description
20-Total RV & Mobile home lots 8- Park owned homes.5- Private owned homes lot rents only. 1-Stick built 3-bed 1-bath home leased (Tenant has $80,000 purchase option on home see attached) Located on 1.7 acres within city limits. 7-Vacant lots. Market rent est. at $140 per month City water and sewer. Tenants pay own water, sewer & electric. (services in Tenants name) New coin operated washer and dryer. One paved city street and one graveled interior road. Owner pays streetlights, electric, water and sewer for laundry room
Location
This property is in Henry County. The county population is 22,000 +/-. The trade area population is 100,000 +/-. Seasonal population increases substantially from March to October. Thus, creating a high demand for RV and Mobile home “Lake Homes”. There are only 5-marinas located / allowed on Truman Lake. Four of the five are privately owned and operate under a ground lease with the Army Corps. One marina “State Park” is operated by the state. All marinas have public boat ramps. So, access to the lake is limited to the marinas and a few Corps operated boat ramps.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 93.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $140 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $75,531 |
| Operating Expense: | $16,687 |
| Net Operating Income: | $58,844 |
| Expense Ratio: | 22.1 % |
| Debt Info: | 37010 |
Lot Information
| Singlewide Lots: | 20 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $140 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $615 |
