Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 22.0%
- Listing ID: 395356
- Posted On: Aug 20, 2013
- Updated On: Dec 4, 2014
Description
THIS PARK JUST SOLD!!!!!!!!!!! 46 developed lots with 23 sold to tenants on a 'rent to own' basis. there are 17 lots rented to owners and lot rent is $165/mo. there are 2 park owned rentals. there are 3 vacancies now. the park is platted for 68 pads and the park has a well and septic tanks. Owner is selling due to family illness! The park nets about $133k now/yr. Everything in park is separately metered too. give me a call for more info. the owner cannot finance this at this point!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 68 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $475 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $156 |
| Net Operating Income: | $133 |
Lot Information
| Singlewide Lots: | 68 |
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: | $400 |