Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1651536
- Posted On: Apr 21, 2022
- Updated On: Jul 6, 2022
Description
Over 55 TINY HOME park - residents own their cabin and ground lease. There are 12 cabins currently and 12 additional lots recently platted and approved by the county.
Investment Highlights
The site is a total of approximately 10.3 acres, with a new survey from May 2021.
The park has 12 lots rented with 12 more lots with County approval and platted.
Water is provided by well for the existing cabins; a new well would be required for the possible additional lots.
Each cabin connects to a septic tank and the park has a common, large drain field.
Financial information -
Gross lot rent for 2020 was approximately $73,000 / annualized rents for 2021-due to rent increases-are estimated at $95,000/year. All rent estimates are provided by owner - and have not been verified by broker. The 12 recently added lots would more that double existing rents once homes are installed and occupied.
The property is currently owner-maintained, so we do not have complete operating expenses.
The other major profit center is selling the cabins to the owners - cabins have a large markup - approximately $30-$40,000 each.
WATCH the videos below - COPY AND PASTE TO YOUR WEB BROWSER:
4344 Chimney Rock
https://player.vimeo.com/video/694602013
4344 CHIMNEY ROCK RD - 360 AERIA
https://app.cloudpano.com/tours/O4rTbVHsn
THE LISTING AGENT MUST ACCOMPANY ANY PROSPECT OR AGENT ON A SITE VISIT - NO EXCEPTIONS - OWNER AND RESIDENTS ARE HIGHLY SENSITIVE - PLEASE DO NOT TALK TO RESIDENTS
Best way to reach broker is via email at saarealestate@yahoo.com
Location
About 9 miles SE of Interstate 26 on Hwy. 64 / Chimney Rock Rd.
Lot Information
Park Model Lots: | 24 |
RV Information
Average RV Lot Rent: | $600,695 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |