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
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
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
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: Cash, Seller Financing, New Loan
  • Cap Rate: 7.5%
  • Listing ID: 513362
  • Posted On: Mar 14, 2015
  • Updated On: Mar 6, 2018

Description

SELLER OFFERS FINANCING WITH $500,000 DOWN!! Grande Vista is an all age, 33 space RV Park, 15 space MH Park and a self storage facility with 127 units. Also included is a vacant 18,000 sq. foot lot directly on Rex Allen Drive. The property is very clean, well maintained with no deferred maintenance. All new gas lines were installed in Feb. 2015 and now the residents are directly billed. Included in the sale are 11 park owned homes and 5 RV's. Amenities include office, clubhouse with kitchen, leased laundry and restrooms with showers. This is an excellent opportunity for an owner/operator or investor. Cash, new loan or the owner will carry the financing with a $500,000 down payment.

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: 48
Total Occupancy: 80.0 %
Year Built: 1989
Average MH Lot Rent: $242
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $178,028
Operating Expense: $95,457
Net Operating Income: $82,570
Expense Ratio: 53.6 %
Debt Info: none

Lot Information

Singlewide Lots: 15
Park Model Lots: 1

RV Information

Number of RV Lots: 32
Average RV Lot Rent: $325

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $580