Contact Information
Mobile Home Park Details
- Price: $1,200,000
- Purchase Method: Cash
- Cap Rate: 8.8%
- Listing ID: 4444750
- Posted On: Feb 16, 2024
- Updated On: Feb 23, 2024
Description
Nice little quiet community, large lots, on a dead end street. Seventeen lots, Sixteen lots with Park owned homes, one empty lot intentionally left vacant for a owner/manager's home. Park runs on two wells (one is new currently being drilled), each home has its own septic tank, so both are free to tenant and only fee to owner is electric to run well pumps, which is minimal.
Location
Park is right off I95 via Pecan Park Rd exit, take a right off the exit go straight thru the next light to small white church take a right and take your next left and you will see Ocean Pines and you are there.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 99.0 % |
| Average MH Lot Rent: | $450 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $168,000 |
| Operating Expense: | $49,566 |
| Net Operating Income: | $118,735 |
| Expense Ratio: | 29.5 % |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 2 |
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: | 16 |
| Average Rent for Park-owned Homes: | $868 |
