Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 367517
- Posted On: Mar 26, 2013
- Updated On: Feb 18, 2014
Description
At present there are 32 lots with relatively new homes set-up and rented (100% Occupancy) This property is zoned as a Mobile Home Subdivision with the intent of selling the lots and homes to the renters. Since the owner has decided to sell the whole sub-division the new owner can decide whether to rent or sell. There are an additional 93 improved lots available separately for $930,000, as well as a 1.2 Acre commercial lot available at $375,000. A great investment opportunity.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 125 |
Total Occupancy: | 100.0 % |
Year Built: | 2009 |
Average MH Lot Rent: | $275 |
Size: | 76 acre(s) |
Financial Information (Actual)
Gross Income: | $216,000 |
Operating Expense: | $20,000 |
Net Operating Income: | $196,000 |
Expense Ratio: | 9.3 % |
Debt Info: | 0 |
Lot Information
Singlewide Lots: | 125 |
Doublewide Lots: | 125 |
Triplewide Lots: | 125 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 32 |
Average Rent for Park-owned Homes: | $750 |