Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1952163
- Posted On: Dec 14, 2022
- Updated On: Jan 1, 2023
Description
This is a 7 unit property with 3 houses and 4 park owned mobile homes on over 9 acres. Includes a 2100 s.f. horse barn with 6 stalls. Income with 100% occupancy will bring in $6,770 with room to raise rents. One mobile home is old with damage and needs removed or remodeled. No deed restrictions with room to add more units.
Location
Leaving Canyon go west on Hwy 60 about 6 miles. Turn north on City Lake Rd and it will be on the west side.
Amenities
- Storage
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Park Information
| Number of MH Lots: | 4 |
| Total Occupancy: | 86.0 % |
| Year Built: | 1997 |
| Average MH Lot Rent: | $0 |
| Size: | 9 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $81,240 |
| Operating Expense: | $26,746 |
| Net Operating Income: | $54,493 |
| Expense Ratio: | 32.9 % |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $967 |