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, Seller Financing
- Cap Rate: 11.0%
- Listing ID: 620470
- Posted On: Jan 17, 2016
- Updated On: Sep 13, 2016
Description
The Orchard MHP is situated on 3+/- acres with Town Water and Town Sewer. The park has 15 existing pads, and it is licensed for 18 so 3 more pads could be develop for more revenue. There is one Mobile Home included in the sale. The potential income is $40,200, a great starter park for an investor. The Seller will entertain owner financing with $50,000 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: | 15 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $200 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $24,000 |
| Operating Expense: | $12,540 |
| Net Operating Income: | $11,460 |
| Expense Ratio: | 52.2 % |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $550 |
