Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 675711
- Posted On: Jun 9, 2016
- Updated On: Jul 27, 2016
Description
175 Park owned Mobile Homes average age 2000 and above. The Park was built in 1997 and expanded 2000,2006,2009. The park is adjacent to the city limits but located in the county with no city tax. The water and sewer is billed directly to tenant from city utility. County trash pickup at no charge. All streets are concrete with concrete parking and side walk to front door. Seller will finance 3,750,000.00 at 4% interest for 30 years. 1st Mortgage only will not hold a second mortgage.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 175 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1997 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,100,000 |
| Operating Expense: | $300,000 |
| Net Operating Income: | $800,000 |
| Expense Ratio: | 27.3 % |
Lot Information
| Singlewide Lots: | 165 |
| Doublewide Lots: | 10 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 175 |
| Average Rent for Park-owned Homes: | $560 |