Change your mind about what constitutes a "mobile home park"! This is a beautiful subdivision nestled among farms and woods. A loan is in place with a local bank for a qualified buyer!
Each mobile home sits on an individual acre with a private septic system. Since each home is on a private acre, the appraiser believes selling them individually would bring ~$600,000! Or, keep them together as a whole, and rake in $65,000 net rents per year - with room for rental increases!
There are 10 double wide mobile homes and 2 single wide mobile homes in the park. All of the homes have been incredibly well maintained. Most tenants have longevity.
The cash flow is strong, and we believe rents could be steadily increased without loosing tenants. There is also potential for adding additional homes. Seller has recently graded and graveled the shared drive. Over half of the homes have new roofs, and all homes have roofs with a minimum of 15 years life left.
There is a community well, a back up well, and a 2000 gallon cistern to assure continual water service.