Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 458020
- Posted On: Jul 8, 2014
- Updated On: Dec 4, 2014
Description
Hazlehurst,Jeff Davis County(SOLD) BEST DEAL I've SEEN IN YEARS!!!!!!!!!!!!!!!...this 30 acre tract has 71 lots now and room to add avout 25-30 more lots. The park has a new sewer system that the city just put in last year and it has a new sewer lift/pump station. The city spent roughly 500k on the sewer. Lot rental is very low at $80/month. the park owns no units. The 58 lots rented now bring in $4640/month now. the expense are only taxes/$4068,Liabilty Insurance/$920/yr. Mgr. $8400/yr and contracter for roads $3000/yr..for a net of $39,274 The rents haven't been raised since 2009. The park is almost all Hispanic and most are "legal". Also a nice Kabuto tractor with front end loader and bushhog mower that stays with the park. Everything is seperately metered at this time also. seller is asking $359,000 all cash now This park has more upside than anything I've ever seen. call me, BArry
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 71 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $80 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $55,680 |
| Operating Expense: | $16,406 |
| Net Operating Income: | $39,274 |
| Expense Ratio: | 29.5 % |
Lot Information
| Singlewide Lots: | 71 |