Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 676940
- Posted On: Jun 13, 2016
- Updated On: Jan 23, 2017
Description
This is a turn key business involving three mobile home parks. All units are owned by the parks.
The parks are close enough that we consider them one park and use a single Manager who collects rent, and handles rentals when a unit becomes empty. She has been in place for five years.
Our Maintenance Manager handles repairs in all parks, is quite capable and has been in place for four years.
Revenue presently averages over $30,000 per month.
Continuing Expenses average $9,800
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Park Information
Community Type: | All Age |
Number of MH Lots: | 48 |
Total Occupancy: | 95.0 % |
Year Built: | 1972 |
Average MH Lot Rent: | $170 |
Size: | 10 acre(s) |
Financial Information
Gross Income: | $360 |
Operating Expense: | $110 |
Net Operating Income: | $250 |
Expense Ratio: | 30.6 % |
Debt Info: | 90,000 |
Lot Information
Singlewide Lots: | 43 |
Doublewide Lots: | 5 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 48 |
Average Rent for Park-owned Homes: | $170 |