Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Listing ID: 389043
  • Posted On: Jul 25, 2013
  • Updated On: Jul 30, 2015

Description

12 Acre Mobile Home Park in an excellent community and school district. Comes with 10 mobile home lots and 4 camper lots, 16 unit Mini Storage, 2 bay mechanic shop and a 2800 square foot dual office. 7 Park owned homes, 2 park owned campers, 2 lot rents of $150. Property is flat and half is used for Park Rentals and the other half is currently a Mobile Home Dealership, with 1400 sq ft of separate office space used as a thrift store. Dealership side has gravel over nearly 3 acres and 7 extra water meters for camper rentals or park expansion.

$150 lot Rent ; $50 Water, Garbage & Grass Cutting

$4,450 Currently Monthly Revenue(Park Only)

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 90.0 %
Year Built: 1991
Average MH Lot Rent: $500
Size: 12 acre(s)

Financial Information (Actual)

Gross Income: $54,000
Operating Expense: $7,500
Net Operating Income: $46,500
Expense Ratio: 13.9 %

Lot Information

Singlewide Lots: 10
Park Model Lots: 4

RV Information

Number of RV Lots: 4
Average RV Lot Rent: $300

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $500

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