Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 366220
- Posted On: Mar 14, 2013
- Updated On: Jun 21, 2013
Description
This is a 22 lot park. There is a 4bdr 2 bath home with a jacuzzi on the property. There are 18 park owned homes and a 1 bdr. apartment. A maintenance building with a roll up bay dock is on site. This park stays almost 100% occupancy. Majority of these homes have been remodeled. This park is on city sewer and trash. Each home site is sub metered for gas and electricity. The gross income is $11,00 per month and the net is $9,000 per month. Great starter or to add to the portfolio. Come take a look!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 22 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $525 |
Size: | 3 acre(s) |
Financial Information (Actual)
Gross Income: | $138,000 |
Operating Expense: | $17,000 |
Net Operating Income: | $121,000 |
Expense Ratio: | 12.3 % |
Lot Information
Singlewide Lots: | 22 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 23 |
Average Rent for Park-owned Homes: | $525 |