Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 891010
- Posted On: Jan 3, 2018
- Updated On: Jan 7, 2019
Description
14 park owned units,2 units are in but need finishing inside repairs. 12 units are rented or being cleaned and any repairs needed are being completed. 30 acres, onsite park management and maintenance. Development rules changed 2 years ago and this park is grandfathered in. Has a small pond. Good cash income also very good tax shelter. Manager has lived in this park for 8 years, dependable and honest. Takes care of 90% of maintenance including plumbing, painting, carpentry, a.c. and some electrical problems. Does cleaning and spraying etc. land will support up to 90 units.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 14 |
Total Occupancy: | 75.0 % |
Year Built: | 2003 |
Average MH Lot Rent: | $535 |
Size: | 30 acre(s) |
Financial Information (Actual)
Gross Income: | $60,000 |
Operating Expense: | $15,000 |
Net Operating Income: | $45,000 |
Expense Ratio: | 25.0 % |
Lot Information
Park Model Lots: | 14 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 14 |
Average Rent for Park-owned Homes: | $575 |