Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 283697
  • Posted On: Oct 2, 2012
  • Updated On: Sep 11, 2013

Description

Presented for sale is a 57 lot mobile home park in the centrally located city of Lumberton, North Carolina. Located near I 95, Lumberton has great proximity to agriculture and food processing industries and is located in one of the top farm proucing counties in the nation. Companies such as Campbell Soup, Prestage Farms, Mountaire Farms, Smithfield Packing, House of Raeford, Nash Finch Distribution Center to name a few are located near by. The park conveys with 47 manufactured homes with two lot rentals at this time. The park is well run and has a local professional manager. The mobile homes are on septic systems and municipal water is run to the park.

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Park Information

Community Type: All Age
Number of MH Lots: 57
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $178,061
Operating Expense: $120,540
Net Operating Income: $57,521
Expense Ratio: 67.7 %

Lot Information

Singlewide Lots: 47
Doublewide Lots: 10

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 47
Average Rent for Park-owned Homes: $380

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