Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 7.2%
- Listing ID: 3787990
- Posted On: Oct 5, 2023
- Updated On: Apr 3, 2024
Description
We are pleased to present the Whispering Trees community, truly an opportunity of a lifetime. This 22 unit community features all newly built HUD homes, not mobiles. All homes are under factory warranty. All units have band new electric meters & pedestals and new gas meters. You have a project with very low maintenance cost. The best part we have an assumable loan at significantly under current market rates. Don't let this opportunity pass you by
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 % |
| Year Built: | 2020 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $266,580 |
| Operating Expense: | $74,344 |
| Net Operating Income: | $180,296 |
| Expense Ratio: | 27.9 % |
| Debt Info: | 773,000 assumable |
Lot Information
| Park Model Lots: | 22 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Septic |