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: Cash
- Cap Rate: 11.0%
- Listing ID: 978519
- Posted On: Aug 14, 2018
- Updated On: Feb 25, 2019
Description
Knapp MHP is licensed for 29 Pads, and only 1 pad has never had a home on it, and the water and sewer is at the site. There are 13 rented sites, with Public Water and Public Sewer, 1 vacant home that could be renovated, and rented. The homes are individually metered, and the tenants pay for the water and sewer. There is a vacant lot abutting the pond that would make a beautiful lot, if the owner wanted to live in the park. There are 40 acres and the park could easily be expanded. Beautiful ATV Trails surrounds the property. There is a possible 1st mortgage that could be assumed of around $160,000
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Average MH Lot Rent: | $230 |
Financial Information (Actual)
| Gross Income: | $35,880 |
| Operating Expense: | $6,762 |
| Net Operating Income: | $29,117 |
| Expense Ratio: | 18.8 % |
Lot Information
| Singlewide Lots: | 28 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
