Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 12.4%
- Listing ID: 372754
- Posted On: May 22, 2013
- Updated On: Nov 3, 2017
Description
High CASH FLOW OPPORTUNITY. All age double wide based park. 30 double wides, 20 single wides, and 2 single family homes. 19 contracts totalling over $500,000. 4 park owned homes. New Cell Tower & Lease. Purchase the Park seperately for $2.5 million, or everything for $2.8 million.
NET INCOME FROM PARK: $253,440
NET INCOME FROM 4 PARK HOMES: $13,920
NET INCOME FROM 19 Contracts: $69,840
NET INCOME FROM CELL TOWER: $9,420 (20 yr lease)
TOTAL NET INCOME: $346,620!!!!!!!!!!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 98.1 % |
| Year Built: | 1979 |
| Size: | 15 acre(s) |
Financial Information
| Net Operating Income: | $346,620 |
| Debt Info: | 4.5%+- |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 32 |