Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 541280
- Posted On: Dec 21, 2015
- Updated On: Mar 9, 2016
Description
Mobile home park located 10 minutes from Hartsville. Large lots, clean and quiet community. Water is direct bill and septic. Major employers Duke Progress, Sonoco, Coker College, Pepsi, and many more. Tremendous demand for affordable housing. Many mobile homes available to buyer and then rent to potential Tenants. LOW operating expenses. Lot rent below market. New super Walmart center in town.
Excellent money maker opportunity.
Low expenses (only manager, mowing, taxes, street lights, insurance)
Park manages itself. Spend 3-4 hours a month and get it all done.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 53 |
Total Occupancy: | 75.0 % |
Average MH Lot Rent: | $125 |
Size: | 17 acre(s) |
Financial Information (Actual)
Gross Income: | $79,620 |
Operating Expense: | $21,000 |
Net Operating Income: | $58,620 |
Expense Ratio: | 26.4 % |
Lot Information
Singlewide Lots: | 45 |
Doublewide Lots: | 8 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 4 |
Average Rent for Park-owned Homes: | $449 |