Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 10.9%
  • Listing ID: 12689
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

The park is on a quiet, dead end street and is shaded by many beautiful old live (scrub) oak trees. There is space between the trailers where some have porches.

A new septic system is being installed. Full documentation will be available for inspection prior to closing. All mechanicals are in excellent working order.

Owner financing is available. 150k down and 425k @ 8% amortized for 30 years with a balloon in 10 years.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 13
Total Occupancy: 100.0 %
Year Built: 1980
Average MH Lot Rent: $518

Utility Information

Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $592