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
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
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, New Loan
  • Cap Rate: 7.3%
  • Listing ID: 547317
  • Posted On: Jul 14, 2015
  • Updated On: Feb 2, 2016

Description

42 mobile home pads with 6 park owned rentals, plus 8 apartments, for a total of 50 units. City water and sewer, paved road in good condition. Lot's of mature trees on site. The apartments are freshly painted, as are the roadways, and there is new signage. Here is your chance to buy an affordable, neat and clean all ages park in one of the hottest rental markets in the US! On the busline and close to shopping. Park pays all utilities; there is the opportunity to pass them along to the tenants to increase cash flow. Call for a complete package!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 92.0 %
Year Built: 1929
Average MH Lot Rent: $475
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $303,290
Operating Expense: $152,993
Net Operating Income: $150,297
Expense Ratio: 50.4 %
Debt Info: New Loan Required

Lot Information

Singlewide Lots: 42

Utility Information

Water: City
Water Paid By: Park
Sewer: City