Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 6.0%
- Listing ID: 4600062
- Posted On: Mar 5, 2024
- Updated On: Sep 10, 2024
Description
This is a unique property, offering 4 homes with one car Garage one Tiny home and two additional parking spots that can be tiny homes or RV. Tenants pay electricity and garbage. Property on Septic, and water bills are very low. Seller has an assumable loan and would carry additional funding if needed, (Call L/A for details). All homes are owned by the park. Rentals are
Location
Close shopping and schools but in a quiet rural area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $2,000 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $125,183 |
| Operating Expense: | $27,000 |
| Net Operating Income: | $98,183 |
| Expense Ratio: | 21.6 % |
| Debt Info: | $775K Assumable Loan |
Lot Information
| Doublewide Lots: | 4 |
| Park Model Lots: | 1 |
RV Information
| Number of RV Lots: | 3 |
| Average RV Lot Rent: | $1,100 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $2,050 |
