Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Listing ID: 549967
- Posted On: Jul 28, 2015
- Updated On: Aug 2, 2017
Description
20 unit mobile home park
18 park owned mobile homes and 1 house and 1 lot rent unit
Price= $649,900.00
Sits on approximately 4 acres
Generates roughly $8300 dollors monthly gross when full
generally 90% occupied year around
City water and city sewer
Tenants pay all there own utilities except trash
These are the expenses for the park
Insurance and taxes= $ 300.00 per month This includes Million dollar Liability policy
Trash = $180.00 per month
Lights for shop = $25.00 per month
Maintenance = $500.00 per month on average
Serious buyers: Tax returns can be provided with signed Non-Disclosure Agreement.
MLS#115265
Contact Brittany Evans with Crye-Leike REALTORS in Hot Springs Arkansas.
Cell: 501-620-3588 or Office 501-321-0800. Email: brittanyevans79@gmail.com
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 20 |
Total Occupancy: | 90.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $400 |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $8,300 |
Operating Expense: | $1,000 |
Net Operating Income: | $7,300 |
Expense Ratio: | 12.0 % |
Lot Information
Singlewide Lots: | 18 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 18 |
Average Rent for Park-owned Homes: | $400 |