Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 9.4%
- Listing ID: 68914
- Posted On: Apr 18, 2011
- Updated On: Jul 7, 2011
Description
This community is For Sale by Owner and is on 16 acres, with 120 Mobile Home Lots. It is well ran, clean and has a low operating expense. It has city sewer and water, each lot individually metered. All electrical is provided thru KUB. Streets and all parking are paved and an office is included. Additional land is available for potential expansion. Currently all the mobile homes are privately owned and their are no rentals. Owner financing is available at a rate of 5.5% with 20% down of $1,995,000.00, 30 year amort., with a five year call. Please contact Don or Linda Snyder with any additional questions or purchasing interest. 865/771-5965
Location
This community is located in Knox. County and is off of Robert's Road and between Rutledge Pike, Hwy. 11 W and Miller Town Pike. It is 5 miles away from the Knoxville Center Mall, and is approx., only 6.5 miles away from I-40, It's conveniently located 15 minutes away from the Down town, University of Tennessee area.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 120 |
| Year Built: | 1988 |
| Average MH Lot Rent: | $195 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $205,920 |
| Operating Expense: | $24,060 |
| Net Operating Income: | $187,580 |
| Expense Ratio: | 11.7 % |
| Debt Info: | n/a |
Lot Information
| Singlewide Lots: | 119 |
| Doublewide Lots: | 1 |
| 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 - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |