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
  • Listing ID: 641753
  • Posted On: Mar 5, 2016
  • Updated On: Aug 18, 2016

Description

Great Investment -Nice quiet 20 pad mobile home park in Scott City MO approximately 2 miles of I-55. 1 pad rent at $160/month, 18 Park owned mobile homes renting from $275-$500 per month (1-3 bed, 17-2 bed). 1 open pad ready for new rental. Manager on site if wanted, great cash flow -special price if can close by 4/7/16. Offering at $255,000 - possible small amount financed and $20,000 discount if close before 4/7/16

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 85.0 %
Year Built: 1960
Average MH Lot Rent: $380
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $56,274
Operating Expense: $16,583
Net Operating Income: $39,691
Expense Ratio: 29.5 %
Debt Info: none

Lot Information

Singlewide Lots: 20

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: $380

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