Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.4%
- Listing ID: 794843
- Posted On: Mar 24, 2017
- Updated On: Oct 6, 2017
Description
For Sale by Owner.
19 lot Mobile Home Park with Triplex apartment building.
19 Park owned homes with 10 occupied.
Triplex is fully rented.
City Sewer and City Water
Park is located close to schools and on a major city bus line.
Some of the units need minor rehab work before they can be rented.Nothing needs major repair. Tons of upside.
Please DO NOT DISTURB TENANTS
For a showing please contact Eric.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 60.0 % |
| Year Built: | 1970 |
| Size: | 4 acre(s) |
Financial Information
| Gross Income: | $73,000 |
| Operating Expense: | $16,000 |
| Net Operating Income: | $57,000 |
| Expense Ratio: | 21.9 % |
Lot Information
| Singlewide Lots: | 19 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $425 |
