Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 8.0%
- Listing ID: 511508
- Posted On: Mar 1, 2015
- Updated On: Jun 6, 2015
Description
SELLER VERY MOTIVATED, DUE TO ILLNESS!
Located near Hwy 372. Senior RV/Mobilehome Park. "Permanent" month to month tenants. Manager/Maintenance on site. One Park owned Mobilehome, one tenant owned Mobilehome, 49 RV spaces, One 2 bedroom apartment, Laundry/ rec room, restrooms. This property is well maintained and quiet. GOOD UPSIDE is filling empty spaces and rent raise. Bank note is assumable due in 2035.
Amenities
- Laundromat
- Club House
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 51 |
| Total Occupancy: | 84.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $280 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $188,000 |
| Operating Expense: | $94,000 |
| Net Operating Income: | $94,000 |
| Expense Ratio: | 50.0 % |
| Debt Info: | Assumable Bank Loan |
Lot Information
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 49 |
| Average RV Lot Rent: | $280 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $575 |