Bessemer Estates
Bessemer Estates
Bessemer Estates
Bessemer Estates
Bessemer Estates
Bessemer Estates

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 12.0%
  • Listing ID: 402347
  • Posted On: Sep 16, 2013
  • Updated On: Dec 17, 2015

Description

Remarkably stable, nearly all-rental park in downtown Bessemer. 34 mobile homes plus two site-built homes. Park provides city water/sewer trash, and some utilities to tenants. Park has no deferred maintenance, is full and stays full and has a waiting list - this is a true family neighborhood.

Cap rate is 12, and owner will adjust price, if necessary, to guarantee the cap rate. Owner will finance w/20% down, 25 year amort.@ 6%

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

Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 95.0 %
Year Built: 1978
Size: 5 acre(s)

Financial Information (Actual)

Net Operating Income: $85

Lot Information

Singlewide Lots: 30
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 32
Average Rent for Park-owned Homes: $650