Mobile Home Park Details
- Purchase Method: Seller Financing, New Loan
- Cap Rate: 10.0%
- Listing ID: 19643
- Posted On: Feb 14, 2011
- Updated On: Feb 19, 2014
Description
For Sale
15.94 Acre Mobile Home Investment Opportunity
* Excellent Income Opportunity
15.94 Acres
36 Mobile Homes - 100% occupied
7 Pads ready for Mobiles & Room to develop 30 more
Park Owns 22 of 36 Mobile Homes
Current annual Gross Operating Income: $186,040.00
Contact listing agent for Expenses and CAP Rate information
Location
Driving Directions:
Hwy 70 to North on Hwy 79 to West (left) on Hwy 47 for approximately 3 miles to North (right) on Lindsey Lane. Take Lindsey Lane for approximately 1 mile and Park is located on left.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $210 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $186,000 |
| Operating Expense: | $55,456 |
| Net Operating Income: | $129,150 |
| Expense Ratio: | 29.8 % |
Lot Information
| Singlewide Lots: | 34 |
| Doublewide Lots: | 2 |
| 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: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $650 |