Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 15.0%
- Listing ID: 983746
- Posted On: Aug 27, 2018
- Updated On: Jan 14, 2019
Description
The Original property was 4 separate units on 4 separate lots
Expansion was done to create the park approximately 10 years ago
Included a new Large mound, 6" well with submersed pressure tank, 7 new electric peds, all new hydrants and all underground utilities
Seller may carry up to a 20% second mortgage for a qualified buyer
On an outright purchase we would consider a slightly lower price.
THIS PARK IS WITHIN 20 MILES OF ST JAMES WIS RAPIDS
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 10.0 % |
| Year Built: | 2008 |
| Average MH Lot Rent: | $290 |
| Size: | 6 acre(s) |
Financial Information
| Gross Income: | $33,354 |
| Operating Expense: | $9,239 |
| Net Operating Income: | $24,115 |
| Expense Ratio: | 27.7 % |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $485 |