Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 12.0%
- Listing ID: 694947
- Posted On: Aug 8, 2016
- Updated On: Jun 12, 2017
Description
this nice little quaint park lies on 3.68 acres and has been around since the 60's. the park has 22 small 2 br units rented now and one lot rented and there are 3 vacant lots...rents have not been raised in years. the park is all sep metered too with grey gravel streets...The old home place is inpark and rented for $500/mo. There is a grocery store and restaurant across the street anddowntown is closeby and everything is nice and quiet. owners are selling to retire...they will finanace for a few years with 100k down. and other good terms..park is netted over $73k last year....see this and more at EMCATLANTA.COM
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Park Information
Community Type: | All Age |
Number of MH Lots: | 26 |
Total Occupancy: | 88.0 % |
Year Built: | 1969 |
Average MH Lot Rent: | $375 |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $89,400 |
Operating Expense: | $15,665 |
Net Operating Income: | $73,734 |
Expense Ratio: | 17.5 % |
Debt Info: | none |
Lot Information
Singlewide Lots: | 26 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 23 |
Average Rent for Park-owned Homes: | $375 |