Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 18.0%
  • Listing ID: 657172
  • Posted On: Apr 19, 2016
  • Updated On: Jan 4, 2018

Description

4 spaces with 4 2006, like new homes, all on city utilities and sub metered. Rent is $750 per month with an NOI of $28,800. Turn Key with management and Maint all handled. Management is 6% of gross and Maint is $20 per hour plus parts. Our company owns the park next to it and 3 more in town. This is a perfect way to get into the park business making real money from the start.
This works great for self managed IRA's. We do all of the work, you just get checks. MT TX2 Properties LLC builds and fills parks. Small or large to fix your needs.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 100.0 %
Year Built: 2016
Size: 1 acre(s)

Financial Information

Gross Income: $36,000
Operating Expense: $7,200
Net Operating Income: $28,800
Expense Ratio: 20.0 %

Lot Information

Singlewide Lots: 4

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $750