Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Photo of Mobile Home Park
Photo of Mobile Home Park
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres
Golden Acres

Mobile Home Park Details

  • Purchase Method: Seller Financing, Assumable Loan
  • Cap Rate: 13.0%
  • Listing ID: 422763
  • Posted On: Jan 27, 2014
  • Updated On: Feb 28, 2018

Description

NEED 30% ROI? Lovely 61 site park on city water/septics. On 22 acres, park has 15 park-owned rentals, 28 owner-occupied tenants and 18 vacant lots. Assumable 1st mortgage has balance of $539k.

Cap rate is 13, cash-on-cash return is 30%

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

Park Information

Community Type: All Age
Number of MH Lots: 61
Total Occupancy: 91.0 %
Year Built: 1978
Average MH Lot Rent: $160
Size: 22 acre(s)

Financial Information (Actual)

Gross Income: $128
Operating Expense: $26
Net Operating Income: $101
Expense Ratio: 20.3 %
Debt Info: $639k bal.

RV Information

Number of RV Lots: 2

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $425

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