Mobile Home Park Details
- Purchase Method: Cash
- Land: This is land for developing a mobile home park
- Cap Rate: 13.4%
- Listing ID: 413555
- Posted On: Nov 7, 2013
- Updated On: Feb 12, 2014
Description
Great opportunity to put your money to work. I have a proven system that works. We have 4 nice doublewides, each sitting on a minimum of 1/2 acre lots in Upstate, South Carolina. Conservative retail market value is $260,000 ($65,000 each). Annual rent of $30,219, expenses (including a 10% vacancy which is not actual) of $5046 with a Net Operating Income of $22,150. 2 units paid by the county under Section 8. This system attracts quality tenants. Actual vacancy is either $0 loss or one month rent total per year. Financials available upon request.
Location
4 Doublewides on 1/2 acre lots in doublewide subdivisions
*143 Glengary Ct. A 1999 Dynasty 27x68 White - 3/2 - ~0.50 acres
*1169 Old Pelzer Rd B 1996 Cavalier HMS Bellmont 28x52 - 3/2 - ~0.50 acres
*116 Apple Dr C 1999 Redman - model 1490 -3/2 - 0.973 acres - 2 wooded pivate lots
*202 Meadow Hills Dr D 1998 Chan Model 2806 - 0.50 acres - 3/2
Park Information
Community Type: | All Age |
Number of MH Lots: | 5 |
Total Occupancy: | 100.0 % |
Year Built: | 1999 |
Average MH Lot Rent: | $30,219 |
Size: | 3 acre(s) |
Lot Information
Doublewide Lots: | 5 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |