Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 672337
- Posted On: May 30, 2016
- Updated On: Mar 10, 2017
Description
Great opportunity to own a established mobile home park with long term tenants. Owners are selling to raise capital for a business venture. Located in Fairmont, NC, this well-kept park is a short distance from Lumberton, NC and I95. Park is clean, well ran, and well maintained. The park has spacious lots and several happy long term tenants. It has county water and septic tanks. The park comes with 15 park owned mobile homes on over 4 acres of land. Eleven mobile homes are rented. Four remaining mobile homes are empty but could be rented. Current owners have completely renovated 10 of the 15 mobile homes in the last three years.
The Park currently has a monthly income of $4067.00 with low expenses. Detailed income/expense records are available. The potential for increased revenue does exist if new owners consider renting out the remaining 4 homes with a total monthly income potential of $5600.00.
The Park is priced to sale and is a steal for the right investor.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $375 |
Financial Information
| Gross Income: | $67,200 |
Lot Information
| Singlewide Lots: | 14 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $375 |