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Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 15.0%
- Listing ID: 863655
- Posted On: Sep 28, 2017
- Updated On: Aug 14, 2018
Description
Great income property with Cash flows of $150,000. 45 lot mobile home park with 37 park owned homes and 6 tenant owned. Many units have waterfront views. The property is 94% occupied.
One doublewide mobile home is included off-site with a separate waterfront lot. Total acreage is approximately 10.5 acres. The property is located just minutes from downtown Fayetteville, NC. Close to schools and Ft Bragg military base. The park has septic sewer and city water.
For more information please contact us.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 46 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $417 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $210,760 |
| Operating Expense: | $50,577 |
| Net Operating Income: | $149,645 |
| Expense Ratio: | 24.0 % |
Lot Information
| Singlewide Lots: | 45 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 37 |
| Average Rent for Park-owned Homes: | $417 |
