Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 15.0%
  • Listing ID: 547404
  • Posted On: Jul 14, 2015
  • Updated On: Feb 11, 2016

Description

This park has 9 mobile homes and 1 stick built house, they are all park owned and are always rented. The gross rents per month are $5,400 This is always rented, affordable housing is in high demand in this area. All home is good condition considering the age. Has it own well and septic so no high water and sewer bills. Not that pretty to look at but has a great cash flow. Would consider owner financing of $170,000 of the purchase.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $500
Size: 3 acre(s)

Lot Information

Singlewide Lots: 9

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $500