Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 12.0%
- Listing ID: 459850
- Posted On: Jul 23, 2014
- Updated On: Sep 15, 2014
Description
NEW LISTING! NEW LISTING!
Brand new park listing in Biloxi, MS. Lovely park, built in the 1980's, with 115 pads, for sale. Park is 28.4 acres and has only 6 vacant pads. Each pad metered for 200 amp service and tenants are billed directly for their electric usage. Private lagoon for all tenants is covered by the park is part of their $300 lot rent.
Offered for $2,500,000 and owner financing is available for amounts over $1,000,000.
Please see attached Marketing Package for full description.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $300 |
| Size: | 28 acre(s) |
Financial Information (Actual)
| Gross Income: | $392,400 |
| Operating Expense: | $75,419 |
| Net Operating Income: | $316,981 |
| Expense Ratio: | 19.2 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $400 |