Mobile Home Park Details
- Purchase Method: Cash, Assumable Loan
- Cap Rate: 14.0%
- Listing ID: 515392
- Posted On: Apr 2, 2015
- Updated On: Jan 21, 2016
Description
100% park owned mobile home park. 27 lots with 25 trailers combination SW and DW, age varies on all. Decent condition (until someone moves out lol) with excellent rental history. Tenants pay electric, entire park is on master water meter which owner pays (Avg. $500/mo.). Long term happy renters! Comes with 2 40' shipping containers full of materials/supplies for repairs etc.
(843) 424-7500
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $637 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $206,400 |
| Operating Expense: | $20,400 |
| Net Operating Income: | $186,000 |
| Expense Ratio: | 9.9 % |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $637 |
