Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 367725
- Posted On: Mar 28, 2013
- Updated On: Feb 10, 2014
Description
Rare opportunity to acquire a large, high quality, all age community in the Northeast with very few park owned homes and no home loans.
Outstanding turnaround story with positive occupancy growth and a higher credit tenant base. It is perfectly positioned in the marketplace to capture the growing demand for affordable housing.
Occupancy increased by 12 sites between 2011 and 2012.
The community recently tapped in to public water/sewer and installed new sub-meters to bill back water to tenants.
A beautiful community with curvilinear layout, rolling topography, mature landscaping and low density at 4.13 sites/acre.
Opportunity to expand the number of sites.
Newly created RV/Boat storage area monitored by security cameras and free to tenants.
Attractive mix of SW and DW homes set at various angles.
Multiple open spaces and covered picnic area next to the playground and basketball court.
Attractive non-recourse property debt may be available.
Community has structured an arrangement with two active home dealers in the area.
Park Information
Community Type: | All Age |
Number of MH Lots: | 300 |
Total Occupancy: | 74.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $405 |
Size: | 91 acre(s) |
Utility Information
Water: | City |
Sewer: | City |