Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1745029
- Posted On: Aug 29, 2022
- Updated On: Jan 2, 2024
Description
A value-add investment with 2 sites. The Bismarck MHP has 32 lots and 1 home with 6 vacant lots. The Dakota MHP has 47 lots, 2 vacant lots and 1 house. All but 1 unit is park owned.
Majority of these homes are from the '70-'80s but 70' mobile homes will fit.
Seller would prefer to sell both outright but is willing to contract for deed the smaller park on Thayer. Message for more details.
Location
Dakota Park: 2520 E Broadway Ave
Bismarck Park: 2406 E Thayer Ave
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 79 |
| Total Occupancy: | 92.0 % |
| Year Built: | 1958 |
| Average MH Lot Rent: | $750 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $525,685 |
| Operating Expense: | $180,528 |
| Net Operating Income: | $345,157 |
| Expense Ratio: | 34.3 % |
Lot Information
| Singlewide Lots: | 73 |
| Doublewide Lots: | 6 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 78 |
| Average Rent for Park-owned Homes: | $750 |