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 |