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
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: 6.4%
- Listing ID: 836423
- Posted On: Jul 24, 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.
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $80,361 |
| Operating Expense: | $36,024 |
| Net Operating Income: | $44,337 |
| Expense Ratio: | 44.8 % |
Lot Information
| Doublewide Lots: | 19 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $650 |
