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

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 422561
  • Posted On: Jan 25, 2014
  • Updated On: Apr 30, 2014

Description

IF YOU EMAILED ME PREVIOUSLY PLEASE TRY AGAIN. WE JUST REALIZED ON MARCH 5, 2014 THAT THE EMAIL ADDRESS CONTACT INFO WAS INCORRECT AND THEREFORE WE HAVE NOT RECEIVED ANY OF THE EMAILS SENT. Park is Located in Southwest Virginia. Lot Rent is $150.00 per month per lot, plus comes with 2 Park Owned Rentals that bring in $350.00 per month. Extra property adjoinging the park (Over an acre with Public Water and Sewer access on 2 sides will convey with the park. This property is level and perfect for developement into more lots. Well-Established!! Park currently has 48 Lots / 44 Occupied with all Public Water, Public Sewer, Underground Power, Paved Streets, Outdoor Lighting, with excellent collection history. Each tenant owns their mobile home, pays all their own utilities, mows their own yards. Park owner has very minimal expenses to include: County Real Estates Taxes ($2,593.00 per year), Outdoor Lighting (4 light poles average $56.00 per month to Appalachian Power) - Liability Insurance (Park Owners option-not a required expense), Mowing the 4 empty lots during mowing season. Family owned for over 15 years/ Selling due to relocating out of State.

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Park Information

Community Type: All Age
Number of MH Lots: 48
Total Occupancy: 90.0 %
Year Built: 1975
Average MH Lot Rent: $150
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $84
Debt Info: New People's Bank (Local Community Bank) that is very easy to work with

Lot Information

Singlewide Lots: 47
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $350

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