Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 10.0%
  • Listing ID: 427525
  • Posted On: Mar 6, 2014
  • Updated On: Nov 20, 2014

Description

66 Active Sites - Average Lot Rent Higher than shown. Excellent Type A Community.100 Plus Potential Sites with room to expand. Paved Roads and Large Lots accommodate doubles and singles. 30 Plus+ Acres - Public Water / Public Sewer - Sale Price includes some Manufactured Homes (plus income from them) and Lot Rental Income, Boot-Campers -You can buy some parks with or without "Park Owned" homes. It costs money to get income from park owned homes so be sure to include them in your purchase. Its not rocket science. Don't be stupid and don't get taken. Why Pay Thousands of Dollars to some Buyer Agents at boot camp for this basic information, or who may get it wrong. Get Good Advice! Once you buy a park with some homes the income stream from the homes adds to your bottom line and provides control over potential vacancies. Its just that simple! You don't have to spend thousands in school or boot camp to get it.

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Park Information

Community Type: All Age
Number of MH Lots: 66
Total Occupancy: 74.0 %
Year Built: 80
Average MH Lot Rent: $440
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $285
Operating Expense: $115
Net Operating Income: $170
Expense Ratio: 40.4 %

Lot Information

Doublewide Lots: 66

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City