Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 680444
  • Posted On: Jun 23, 2016
  • Updated On: Sep 12, 2016

Description

43 lots located 4 miles from the largest military installation in the world (Bragg), metered county owned sewer and water lines. Recently paved streets in 2012 when sewer was brought out. 22 POH's rented, 2 lot rents, 9 in need of rehab, 4 used for storage and maintenance staff, 5 vacant lots. These parks in these locations don't come around often. Significant commercial viability. No owner financing. Email for information packet.

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Park Information

Number of MH Lots: 43
Total Occupancy: 51.0 %
Year Built: 1972
Average MH Lot Rent: $200
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $9,815
Operating Expense: $2,700
Net Operating Income: $85,380
Expense Ratio: 27.5 %

Lot Information

Singlewide Lots: 43

Utility Information

Water: City
Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes: 35
Average Rent for Park-owned Homes: $450