Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Listing ID: 690926
  • Posted On: Jul 26, 2016
  • Updated On: Mar 10, 2017

Description

these 15-16 rental units have huge upside and large lots..this village park has 5-6 parcels and each unit has one -2 acres of land. the park is on septic and wells and is ugly....lol..most units are 20-30 years old. units rent for $110 to $115/week..units have window ac's and space heaters for winter..There is little to no zoning and newerunits can be brought in. this little village park has netted as much as $35k before but this year will only doabout $20k as the owner is ready to retire from rental as he's older. he's asking $99k but might take $170k...let's look and make an offer..call for a package...bh

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 95.0 %
Year Built: 1980
Size: 8 acre(s)

Financial Information (Actual)

Debt Info: none

Lot Information

Singlewide Lots: 17

RV Information

Number of RV Lots: 4

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $400