Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.8%
- Listing ID: 1613116
- Posted On: Mar 1, 2022
- Updated On: May 28, 2022
Description
17 Pads, 14 Park owned homes, 1 SFH, 2 vacant pads
** Do Not Disturb Tenants **
Location
1-95 East on 82, in Atkinson go South on Old Hwy 259, (next to Satilla Grocery), 1.25 approximately to Shady Oaks MHP on the east side.
** Do Not Disturb Tenants **
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 82.0 % |
| Average MH Lot Rent: | $465 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $74,000 |
| Operating Expense: | $16,000 |
| Net Operating Income: | $58,000 |
| Expense Ratio: | 21.6 % |
| Debt Info: | PMM |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $610 |
