Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 549600
  • Posted On: Jul 24, 2015
  • Updated On: Feb 2, 2016

Description

All ages park with city water and city sewer, paved streets. Approximately 164 pads, although there have been 185 homes in the park in the past. It's one of the most beautiful parks in East Texas! Lots of nice trees and the park has 40 acres of ground. This is park with a history; you need to download the package at: www.westernequities.com to see the big picture. Feel free to call me, Randy Smith, at 503-320-3030. I am a licensed real estate broker, and I am one of the principles. I am acting as an owner and consultant, and not as a broker.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 160
Total Occupancy: 70.0 %
Year Built: 1970
Average MH Lot Rent: $210
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $435,402
Operating Expense: $336,872
Net Operating Income: $98,530
Expense Ratio: 77.4 %
Debt Info: Possible owner carry

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

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