Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Listing ID: 1898012
  • Posted On: Sep 30, 2022
  • Updated On: Dec 29, 2022

Description

19 park owned trailers all electric and water metered so tenants pay for their own and a 1230 sq ft 2 bedroom 1 bath house we have replacing trailers over the past year so the park is vacant so we can remodel with ease there still 4 trailers rented all trailers are in some stage of repair ranging from almost ready to needing remodeling we can offer financing with 20%down and 15 year term . the trailers use less than half of the property the other could be made into rv storage the property runs from street to street , we bought this park a year ago theres no rent roll no gross only 4 rented 6 to 7 almost ready to rent and have replaced a few trailers with nicer ones and did work around it to clean it up ,we have moved most of the people out so we can work on the units , it will still need work , there are 19 trailers park owned and a 2 bedroom house , the property is 3.4 ac all lots have metered water and electric tenants pay , there are 11-2+1 units 5-2+2 and 3-3+2 may do owner financing with a nice down , we are painting some of the trailers

Location

201 illinois st hot springs ar 71901

Amenities

  • Storage
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Park Information

Number of MH Lots: 19
Total Occupancy: 2.0 %
Year Built: 1930
Average MH Lot Rent: $650
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $17,520
Operating Expense: $3,000
Net Operating Income: $1,420
Expense Ratio: 17.1 %
Debt Info: none

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $650

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