Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 4223232
- Posted On: Dec 29, 2023
- Updated On: Feb 6, 2024
Description
Great opportunity to purchase a 7-acre mobile home park in Hutchinson! Zoned R-1 Residential This property has a drinking well and septic system. 12 lots are currently rented for $225 per month per lot (no leases). Park clears net profit of $2,400 a month after expenses. Park expenses include the electric bill which is about $130-140 a month. Don't miss out on this one-of-a-kind opportunity to purchase a large mobile home park with steady income! All tenants have resided at park for 10+ years. All tenants own their own homes. Park owned homes need minor renovations to be rented.
Location
Rural on 7 acres
Amenities
- Storage
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: | 50.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $225 |
Size: | 7 acre(s) |
Financial Information (Actual)
Gross Income: | $2,475 |
Operating Expense: | $150 |
Net Operating Income: | $28,500 |
Expense Ratio: | 6.1 % |
Lot Information
Singlewide Lots: | 32 |
Doublewide Lots: | 2 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 5 |
Average Rent for Park-owned Homes: | $0 |