Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 11.0%
- Listing ID: 467900
- Posted On: Aug 28, 2014
- Updated On: Dec 3, 2015
Description
The Property owner has to sell due to his health.
Older but clean RV-Mobile Home Park. 53 Spaces- Rec Hall - Laundry Room
Approximately half the homes are park owned and half are privately owned.
The park is on Septic and Water Well. The Park has a good reputation and the park homes rent quickly.
The selling price has a high cap with excellent financing
Amenities
- Laundromat
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 53 |
| Total Occupancy: | 80.0 % |
| Year Built: | 0 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $146,350 |
| Operating Expense: | $38,419 |
| Net Operating Income: | $107,931 |
| Expense Ratio: | 26.3 % |
| Debt Info: | Owner Financing |
Lot Information
| Singlewide Lots: | 53 |
| Park Model Lots: | 53 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $345 |