Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.0%
- Listing ID: 876217
- Posted On: Nov 7, 2017
- Updated On: Mar 1, 2018
Description
This MHP consists of:
• 15-spaces/Units
• 1 Apt
• 7080+ sf Warehouse
Current Income:
• $115,000 Gross Revenue
• $75,000 NOI
There is a Propane business and coin-op laundry included that provides additional income.
Property is currently 95% occupied with a stable tenant base and low turnover. Seller collects rent on a weekly schedule.
Commercial Building is in good condition and is currently being used as storage by the owner. This building could be leased out as:
• Thrift Shop
• Storage Facility
• Restaurant (there is a restaurant area within this building)
Seller is motivated and will consider all reasonable offers. Property is not in distress but Seller wants to sell.
Bank Financing available to a qualified purchaser.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 15 |
Total Occupancy: | 90.0 % |
Average MH Lot Rent: | $750 |
Size: | 1 acre(s) |
Financial Information (Actual)
Gross Income: | $115 |
Operating Expense: | $40 |
Net Operating Income: | $75 |
Expense Ratio: | 34.8 % |
Lot Information
Singlewide Lots: | 15 |
Park-Owned Homes
Number of Park-owned Homes: | 15 |
Average Rent for Park-owned Homes: | $750 |