Contact Information
Mobile Home Park Details
- Price: $3,500,000
- Listing ID: 6727722
- Posted On: Sep 13, 2024
- Updated On: Sep 13, 2024
Description
LISTING BROKER
Jennifer Stein
Jennifer Stein Real Estate, Inc
jstein@jenniferstein-realestate.com
213.446.5366
TN LIC #265577
OUT-OF-STATE COOPERATING BROKER
Jeff Taylor
Sales Associate, IRE Investment
jefftaylor@ireinvestment.com
281-450-9005
TX LIC #536879
63 Putnam St. Suite 202 Saratoga Springs, NY
Click the link below to sign the NDA:
https://sign.zoho.com/signform?form_link=234b4d535f4956238eac420acd053819b6c56aec301fbe538c2e02c13519fcdbd1a9ddfc769964b07a3739d9c41645bc39ff8dd6991ee8f21af37928d782f40ccccce4f2a4aae71b#
- RV park development deal
- Estimates - $4,528,000 to finish the park with 450k for pool, 550k for clubhouse, $3,528,000 for sites.
- Advertising- Social media, radio ads, and using a marketing team that specializes in the area to get our name out there.
- Overlooking Norris lake. It’s 3 minutes to the lake and nearest public boat launch.
- Not interested in owner financing.
- 350-400 sites once the park is complete.
- Market rents are $125 below market and a value add opportunity is to have the tenants pay for their own internet.
- Current lot size is 40X60
Location
- Located in Claiborne County
Financial Information (Actual)
| Gross Income: | $198,000 |
| Operating Expense: | $45,864 |
| Net Operating Income: | $152,136 |
| Expense Ratio: | 23.2 % |
