Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 8.5%
- Listing ID: 702223
- Posted On: Sep 3, 2016
- Updated On: Dec 25, 2016
Description
This property has 20 lovely furnished park model homes which rent for $1,000 average monthly income.
Amenities include swimming pool, BBQ area, and laundry room.
The park's excellent location is near downtown and near a very large military base.
There is room to add more homes and increase the rental income. Additional brand new park model homes can be purchased for about $23,000 each, which would be ideal to place on the eleven remaining spaces and eventually fill up the entire park!
There may "possibly" be an existing assumable private loan in the approximate amount of $550,000.
Park residents include civilian military contractors and retirees.
There is NO seller financing available.
Courtesy to brokers!
Amenities
- Laundromat
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 31 |
Size: | 3 acre(s) |
Financial Information (Actual)
Gross Income: | $155,202 |
Operating Expense: | $54,898 |
Net Operating Income: | $100 |
Expense Ratio: | 35.4 % |
Lot Information
Singlewide Lots: | 31 |
Park Model Lots: | 31 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 20 |
Average Rent for Park-owned Homes: | $1,000 |