Mobile Home Park Details
- Cap Rate: 15.0%
- Listing ID: 625022
- Posted On: Jan 27, 2016
- Updated On: Mar 28, 2016
Description
Mobile home park on 18 acres with 28 Park owned homes. Two of the homes are under owner financed notes both with about 18,000 remaining. The park has 22 current residents. Several of the homes need to be fixed up and renter. Very close to I-75 and the huge Ga Power Plant. This is an estate sale and the owner passed away and left it to his children who no longer want it. Please call for more info. Will not last at this price. Some Owner financing to the right person.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $500 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $130,000 |
| Operating Expense: | $55,000 |
| Net Operating Income: | $75,000 |
| Expense Ratio: | 42.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 28 |
| Average Rent for Park-owned Homes: | $500 |
