Mobile Home Park Details
- Cap Rate: 18.0%
- Listing ID: 15750
- Posted On: Aug 25, 2010
- Updated On: Oct 11, 2014
Description
EXCELLENT INCOME / RETIREMENT PACKAGE
Highway 172
Hubert, Camp Lejeune, NC 28539
LOCATION...LOCATION...LOCATION
ONLY 15 MINUTES TO THE CRYSTAL COAST and all of it's BEACHES and RELATED ACTIVITIES
Only 2 miles to Lejeune Gate
One of our nation's largest and fastest growing military instillations with over $4 Billion in committed contracts and projects for expansion and renovation. Which keep our area economy more stable than most. Housing shortage already prevalent on and off base.
This 14 space mobile home park, presently with only 13 units, County inspected and certified, all septic systems have been updated and grease traps installed, all units are park owned and have been renovated, maintenance building with spare items and materials and a constant list of waiting tenants. Our expert renovations and modifications, from owning over 30 parks, provides maintenance repairs much less than our competition while producing some of the most desired rentals in our area. Laundromat income usually covers water & electric costs but not included in income amount listed.
Income Information By Park: Quality Homes, 159 Hwy 172, Hubert, N.C. 28539
Units...........Present Income............. Balance of 2012
Lot 1............Vac ...............................$725.00*
Lot 2............$575.00.........................$575.00
Lot 3............$500.00.........................$500.00
Lot 4............$625.00.........................$625.00
Lot 5............$500.00.........................$500.00
Lot 6............$600.00.........................$600.00
Lot 7............$600.00.........................$600.00
Lot 8............$625.00.........................$625.00
Lot 9..............Vac Lot.....................................
Lot 10..........$600.00.........................$600.00
Lot 11..........$750.00.........................$750.00
Lot 12..........$425.00**......................$425.00**
Lot 14..........$350.00**......................$350.00**
Lot 15..........$725.00.........................$725.00
....................6875.00.......................$7600.00
* Home is being renovated. We have a tenant to rent as soon as unit ready, prior to 2-15-2012.
**You will notice there are a couple of families we continue to help, a situation which we have had at almost every one of the 30 plus parks we have owned.
Any additional information you wish or questions you may have bring to my attention for satisfaction.
..............................2010..................2011.............2012 Projected
Gross Income.......76,515.00........81,900.00.........90,175.00
Trash......................2,400.00..........2,400.00...........2,400.00
Water......................2,451.73..........2,497.98...........2,500.00
Insurance (year).....1,052.48..........1,064.13...........1,088.60
Electric...................1,279.85..........1,295.63............1,300.00
Taxes.....................1,041.70.............734.30...............734.30
Expens.(repairs)....3,991.44...........2,287.48............3,800.00
Net Income..........64,297.80.........71,620.48..........78,352.10
Cap Rate(net/gross)......possible owner financing.................
Price $500,000...........13/15............14/16...............16/18
Price $450,000(cash).14/17............16/18...............17/20
For additional information Call 888-327-6078 or e-mail bjerrypierce@aol.com
Park Information
Number of MH Lots: | 14 |