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, Assumable Loan
- Cap Rate: 11.1%
- Listing ID: 514463
- Posted On: Mar 25, 2015
- Updated On: Oct 27, 2015
Description
Fully turnkey Mobile Home Park with 41 lots, 22 park-owned homes are currently at 100% occupancy. City water. Septic. Park is grossing over $7,000/mo. with potential to almost double if more homes are brought in. Owner will carry with 50% down, giving an investor a 15% ROI. Pro forma with full financial details available upon request.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 41 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $0 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $84 |
| Operating Expense: | $25 |
| Net Operating Income: | $58 |
| Expense Ratio: | 29.8 % |
Lot Information
| Singlewide Lots: | 41 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $320 |
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