Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 372621
- Posted On: May 21, 2013
- Updated On: Aug 20, 2013
Description
Lake View Mobile Home Park consists of 44 spaces just outside the city limits of Leesburg, GA and sits on nearly 14 acres. This quiet community has city lights, paved streets and large lot sizes. Park has historically high occupancy rates with many long term tenants. Several simple value added opportunities exist to create additional income and lower expenses. Sellers are willing to sell for less than $10,000 a pad!! This has great potential for a low maintenance, high yielding investment at this price. Please email for more information.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 44 |
Total Occupancy: | 79.0 % |
Year Built: | 1972 |
Average MH Lot Rent: | $175 |
Size: | 14 acre(s) |
Financial Information (Actual)
Gross Income: | $76 |
Operating Expense: | $31 |
Net Operating Income: | $45 |
Expense Ratio: | 40.8 % |
Debt Info: | None |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $475 |