Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 14.0%
- Listing ID: 445062
- Posted On: May 21, 2014
- Updated On: Aug 12, 2014
Description
This is a great 53 space family Park on the west side of Yuma. Well kept with paved roads in a quiet setting. Owner financing.25% Cash on cash return with 22% down.NO QUALIFYING. Fully amortized loan over 15 years. Management in place and will stay. This is a great Park with great cash flow. Park is on septic and well water which helps keep the expenses low.. Please, No Agents, principles only. Thank you
Please DO NOT contact the on site management or tenants. They do not know the Park is for sale.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 53 |
| Total Occupancy: | 88.0 % |
| Average MH Lot Rent: | $345 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $182 |
| Operating Expense: | $38 |
| Net Operating Income: | $122 |
| Expense Ratio: | 20.9 % |
| Debt Info: | Owner will carry @7% fully amortized over 15 years.$6068. monthly |
Lot Information
| Singlewide Lots: | 53 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $345 |