Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.0%
- Listing ID: 466643
- Posted On: Aug 26, 2014
- Updated On: Dec 1, 2014
Description
Income producing dream! Well run mobile home park located near Goldsboro, NC. 42 lot park with 17 site owned mobile homes. Of these there are two, 2BR units, one, 4 bedroom unit and fourteen, 3 bedroom units. Units rent for $350-$400 per month with potential for increases. Lot rents are $175. There are currently eleven vacant lots. Park is well managed and is in good condition.
Located within 20 minutes of Goldsboro NC in LaGrange, NC.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $175 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $79,085 |
| Operating Expense: | $35,323 |
| Net Operating Income: | $43,762 |
| Expense Ratio: | 44.7 % |
Lot Information
| Singlewide Lots: | 42 |
| Doublewide Lots: | 42 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $400 |