Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 830168
- Posted On: Jul 7, 2017
- Updated On: Sep 13, 2022
Description
Units: 19 (2 are in process of remodel -- a 2-unit stick-built home);Plans for Duplex - Buildout approx $90000, Rent approx $2000-$2200
8 units are permanent stick-built homes owned by park. Monthly gross (upon completion of remodel): $11,620 + $950 utility bill back = Approx $12,500 Current gross income: $9,485 (utility bill-back process begins this month). - Nearing completion of $52,000 water filtration system. Property has own water system and septic system.
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Park Information
Community Type: | All Age |
Size: | 4 acre(s) |
Financial Information
Gross Income: | $80,361 |
Operating Expense: | $36,024 |
Net Operating Income: | $44,337 |
Expense Ratio: | 44.8 % |
Utility Information
Water: | Well |
Sewer: | Septic |