Mobile Home Park Details
- Listing ID: 3353142
- Posted On: Jul 12, 2023
- Updated On: Dec 3, 2023
Description
Nice incoming producing property located in Amherst County. This property has 28 mobile homes, house and an apartment. All leased. This property is also zoned by right for multi family. Call Agent for more details. Had additional adjoining 8.1 acres that is also included for further expansion/development.
Location
29N to Left on Thomas Road, 1.1 miles to Bubba Lane on Left. You will see entrance to mobile home park.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $850 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $240,000 |
| Operating Expense: | $12,000 |
| Net Operating Income: | $228,000 |
| Expense Ratio: | 5.0 % |
Lot Information
| Singlewide Lots: | 28 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $850 |
