Photo of Mobile Home Park
Arial of Property
Two Empty Pads
Empty Pad Fenced
Empty Lot that previously had Mobile Home
Empty Pad.
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.3%
- Listing ID: 630877
- Posted On: Feb 4, 2016
- Updated On: Mar 18, 2016
Description
Buy into equity. Currently has 7 buildings with a total of $3,700 in monthly income. But, you have the ability to add 4 additional mobile homes for another $2,200-2,600 income.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 86.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $550 |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $3,700 |
| Operating Expense: | $700 |
| Net Operating Income: | $3,000 |
| Expense Ratio: | 18.9 % |
Lot Information
| Singlewide Lots: | 9 |
| Triplewide Lots: | 1 |
| Park Model Lots: | 6 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $579 |