Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 3573255
- Posted On: Mar 24, 2024
- Updated On: Jul 12, 2024
Description
Percy MHC is a quiet community with many long term residents. Some homes are under RTO to be purchased outright by the resident. By 2024, all homes will be TOH.
Overall the community is 85 percent occupied with current inventory. Demand is strong. Bring in a few more homes to really Cash Flow. Great Investment for first time buyer or Expand your Portfolio.
Park Highlights:
51 spaces
37 Trailers
32 Owner Occupied
5 Vacant (POH)
14 Empty Lots
Lot rent currently $370
Monthly Gross $11,000
Manager Lives onsite (Lot 5B)
Low Taxes= $5000 per year
City Water and Sewer
Low Water Fees (Park Paid)
Low Expenses
Residents pay at Local Bank
Owner Financing
Additional Lots
Text Matt for additional details
989-704-3454
Location
Percy IL
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 51 |
| Total Occupancy: | 71.0 % |
| Average MH Lot Rent: | $370 |
Financial Information (Actual)
| Gross Income: | $125,000 |
| Operating Expense: | $30,000 |
| Net Operating Income: | $95,000 |
| Expense Ratio: | 24.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
