Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 918346
- Posted On: Apr 12, 2018
- Updated On: Jan 11, 2019
Description
Wonderful Opportunity to own a 40 lot mobile home community. There are currently 16 single wide lots with city water and city sewer. Owner says there is space for 26 more if arranged appropriately. Mobile homes currently on the property will be removed as they are not in good condition and would be best served as a deer camp trailer. Expected best use for this property would be to provide a lot and utilities to tenants who need a lot to lease for their mobile home. 40 x $225 per mo. = $9,000 per Mo. of relatively passive income... $98,000 per year. If you spent $65,000 in improving utilities you could pay off entire investment in 4 years!!
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Park Information
Community Type: | All Age |
Year Built: | 1970 |
Average MH Lot Rent: | $225 |
Size: | 5 acre(s) |
Utility Information
Water: | City |
Sewer: | City |