Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 455189
- Posted On: Jun 12, 2014
- Updated On: Jun 18, 2015
Description
Long term rentals, great potential for expansion. Two legal lots of record. Owner will consider selling half of Park with shared will & septic agreement. Price will be 60% or 40% of $500,000.oo
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $350 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $40,000 |
| Debt Info: | private |
RV Information
| Number of RV Lots: | 15 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $400 |