Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 1905997
- Posted On: Oct 11, 2022
- Updated On: Oct 11, 2022
Description
This park is located in a small town in Mo, About 1 hour north of St Louis, Mo. high demand for affordable housing and currently has several Sect 8 renters. Great Cash flow. 8 units rented, 1 just finishing up and has a renter waiting to move in. 2 more need full rehab. 1 empty space for a Mh to move into. 2 others for possible rehab on site. Will owner finance with $50,000 flex on terms. Recent rehab done on several units, new roof, 3 new HVAC systems.
Location
North of St Louis, Mo. lots of small towns close by.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $700 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $66,900 |
| Operating Expense: | $18,000 |
| Net Operating Income: | $48,900 |
| Expense Ratio: | 26.9 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 12 |
| 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: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $700 |
