Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 717812
- Posted On: May 30, 2017
- Updated On: Aug 9, 2017
Description
38-Space Mobile Home Park, located within walking distance of Western New Mexico University, there are 31 Single wide Park owned Homes with rents ranging from $500-$700 a month and Space rents of $215 a month. the park is currently full other then 3 spaces open for rent with Tremendous upside. the Park has an onsite 900sq foot cinder block office with two garage bays for park equipment / and park Material storage. The park has all City Utilities with each space having independent power meters, most of the yards are fenced with large trees and asphalt roadways with a small community park. Seller Terms Available with $300,000 dn on this Money Maker with Great upside in rents and Occupancy,
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Park Information
Community Type: | All Age |
Number of MH Lots: | 38 |
Total Occupancy: | 90.0 % |
Year Built: | 1975 |
Average MH Lot Rent: | $215 |
Size: | 7 acre(s) |
Financial Information
Gross Income: | $236,000 |
Operating Expense: | $68,000 |
Net Operating Income: | $168,000 |
Expense Ratio: | 28.8 % |
Lot Information
Singlewide Lots: | 34 |
Doublewide Lots: | 4 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 31 |
Average Rent for Park-owned Homes: | $600 |