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
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 5.5%
  • Listing ID: 890992
  • Posted On: Jan 2, 2018
  • Updated On: Dec 30, 2021

Description

29 Spaces - 12 MH & 17 RV. 12 MH Spaces - 5 Occupied (1 POH & 4 TOH) & 7 Vacant. 17 RV Spaces - 10 Occupied (1 Pays his own electric - $325 lot rent) & 7 Vacant (6 of these spaces are still waiting to be finished. Utilities are in but electric panels are not.) New Water & Electric lines! All RV Spaces have 20, 30 & 50-amp capabilities and are sub-metered for electric!

City Water & Sewer. City Electric. Gas is Propane and Trash is serviced Privately. Water, Sewer and Trash are Included in Rent. RV spaces includes w/s/t/500kw hours of Electric.

There is a laundromat in front of the park that includes 9 Top-Loader Washers, 2 30-lb Front-Loader Washers and 7 30-lb Dryers - All New Propane Piping (~$3k) & New Roof as of 2014!

Seller Financing Possible!

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: 29
Total Occupancy: 52.0 %
Average MH Lot Rent: $325
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $74,787
Operating Expense: $45,899
Net Operating Income: $28,888
Expense Ratio: 61.4 %

Lot Information

Singlewide Lots: 12

RV Information

Number of RV Lots: 17
Average RV Lot Rent: $425

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $450