Contact Information
Benny Spensieri
CRES Corp International, LLC
CRES Corp International, LLC
Mobile Home Park Details
- Price: $1,100,000
- Purchase Method: Cash, Assumable Loan
- Cap Rate: 11.3%
- Listing ID: 6737924
- Posted On: Sep 27, 2024
- Updated On: Sep 27, 2024
Description
This offering are two MHP’s under the same owner. Combined parks include:
· 1.45-Acres MOL
· 11 MH Spaces/11Park Owned MH’s (2 additional spaces not activated
· 2 Duplexes
· 3 Vacant Units
· $172,200 Gross Revenue
· $141,428 NOI
The seller is not longer interested in operating these parks.
Asking Price: Seller will consider all reasonable offers
Financing: There are two private loans in place on both parks that may be assumable to a qualified purchaser.
Amenities
- Laundromat
- Storage
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: | 85.0 % |
| Year Built: | 1955 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $146,100 |
| Operating Expense: | $22,558 |
| Net Operating Income: | $124,141 |
| Expense Ratio: | 15.4 % |
Lot Information
| Singlewide Lots: | 11 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $1,350 |
