Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

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

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

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

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