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: 10.2%
- Listing ID: 541516
- Posted On: Jun 11, 2015
- Updated On: Dec 17, 2015
Description
2 FOR THE PRICE OF 1 -54 SPACES -
INVESTMENT HIGHLIGHTS
Located 5 miles south of downtown Chattanooga.
ALL Utilities individually metered and billed to Tenants.
Upside in rehabbing and leasing up 38 vacant sites.
Positive cash flow. CAP rate-10.0%.
Owner financing available for a qualified buyer and
a reasonable down payment.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 54 |
| Total Occupancy: | 40.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $67,724 |
| Operating Expense: | $21,523 |
| Net Operating Income: | $46,201 |
| Expense Ratio: | 31.8 % |