Mobile Home Park Details

  • Cap Rate: 12.8%
  • Listing ID: 12906
  • Posted On: Jun 2, 2010
  • Updated On: Oct 12, 2010

Description

Development of Twin Eagles was completed in the fall of 2008 which included the installation of new water, sewer, electric and gas lines. It is located in Park Hills, Missouri along the major highway 67. Shopping, schools, employment and churches are just minutes away. The park consists of twenty park-owned 2004 - 2009 model single wide mobile homes set up as rentals along with twelve 8ft.x8ft. new storage sheds. Fully occupied, the gross rental receipts are in excess of $11,000 month. Although Twin Eagles is situated just outside the city limits, the property is served by all public utilities. One water meter is supplied by the city and billed to Twin Eagles, and in turn, each of the homes are individually metered and billed to each tenant by the owner. Each tenant's monthly water/sewer bills average $25. The property is also served by electric, natural gas, cable TV and telephone which are metered to each lot and billed by the local utility companies. Trash is provided as part of the rental payment. There are twelve sheds on the property and each are rented for $20 per month. Twin Eagles is equipped with its own high speed internet connection which enables us to offer WiFi to the tenants for $23/month. The maintenance staff has been established and would make this property suitable for long distance ownership.

Amenities

  • Storage
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