FoxWood Estates MHC
FoxWood Estates MHC
FoxWood Estates MHC
FoxWood Estates MHC
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
FoxWood Estates MHC
FoxWood Estates MHC
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 14.0%
  • Listing ID: 384414
  • Posted On: Jul 3, 2013
  • Updated On: Apr 28, 2014

Description

Offered at 14% cap rate (based on 2013 actuals) with very low maintenance! Quiet and clean park nestled among mature trees and located directly across the road from Lake Redfield. Most residents are set up on ACH auto billpay for the monthly rent payments. Connected to City Water and Sewer. The city directly bills residents for water/sewer and garbage. The city also maintains the streets and water meters. Gas, Electric and Cable provided by third parties direct to residents. Just finished a fresh chip seal coat on the asphalt streets. No park owned homes. 45 total lots with 25 occupied by longterm residents. Very easy park to own with opportunity to significantly increase income in new home Lease/Sale Program to fill vacant lots.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 45
Total Occupancy: 50.0 %
Year Built: 1975
Average MH Lot Rent: $175
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $49,170
Operating Expense: $4,158
Net Operating Income: $45,012
Expense Ratio: 8.5 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Other Listings by Scott Terveen