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 |