Mobile Home Park Details

  • Cap Rate: 7.6%
  • Listing ID: 12683
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

24 Unit Mobile Home Park For Sale. Dreamworld Mobile Home Park Designated over 55 community, low maintenance, no on site management necessary. Park is on city water and sewer, park paid water and sewer. Electricity individual meters. 1/2 residents are full time the other 1/2 are snow birds that come down for part of the year.

The 4 park owned homes are in high demand all residents have been there for a minimum of 2 years.

There is a coin laundry that brings in between $85 and $135 a month.

There is also a concrete block maintenance building that is not used.

There is some up side potential for improving the NOI by individual water meters and putting out the landscape maintenance for bid. Currently the landscape maintenance is done by a friend at a higher than necessary rate.

2008 profit loss statement available for qualified buyers.

Amenities

  • Laundromat
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Park Information

Number of MH Lots: 24
Average MH Lot Rent: $225

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $450