This is a small mobile home park in a small rural NM community with a park owned mobile on each of 6 50'X 150'town lots. I started this in 2001 and have been developing it since. All mobiles are older that I renovated, adding lots of wood trim, tile, rough-tex siding, pitched roofs with lots of insulation, and an 8X10 storage shed for each. The park has a white picket fence with developed pine trees in the front and a 6' cedar fence along the back.

The largest mobile is a 1995 28X68' Fleetwood that I have completely renovated with Berber carpet, tile on the kitchen and bathroom floors, artificial marble countertops, and beautiful wood trim. It also has a 1 car garage in addition to an 8X10 storage shed. It would make a great residence for the new park owner.

Mountainair itself is a town of about 800 at an elevation about 5,700 feet at the southern end of the Manzano Mountains (Park residents have a great view of them). There are lots of Juniper and Cedar and some Pinion trees. It is very friendly and well run with lots of cowboy and artsy craftsy types. About 3 miles south of town there is a development called Deer Canyon that started about the same time I did. It has $500,000 -$1,000,000 homes on 20 acre lots with covenants that allow development of only 1 acre. It has brought a lot of money into the community.

The park has city water and sewer and natural gas. In 9 years, I have never had a mobile that was ready for occupancy vacant for more than 3 weeks. I owe about $27,000 on it and will consider owner financing.

I started this mobile home park in 2000. I am now 65 and would like to have more time for my wife and my kiddos and my 3 grandchildren and to devolve myself from my responsibility to my tenants, which I take seriously.

I owe $27,000 on a 6.5% fixed rate commercial loan through Wells Fargo that pays off in about 5 years. Monthly payment is about $750.00. I will consider an offer that pays off or assumes this loan and gives me a bit of a down payment. I will carry the rest for 15 years at 6.5%, given the purchaser has demonstrated fiscal responsibility.

The yearly taxes are about $400 a year. Yes, that includes the mobiles and the land. Insurance is about $1,000 a year.

I pay the water and garbage for the park, which is about $150 for both. I have two section 8 tenants for whom I pay the gas and electric from a $500 per month payment from the government and the tenants. The gas and electric averages about $175 a month. The other tenants pay their own gas and electric.

The total gross from the park when I finish renovating the mobile at 505 S. Hanlon is/will be about $2200.

The mobiles are old (70s, 80s, with the double wide being a 1996) and have the original gas heaters. I have added Electrical Thermal Storage (ETS) Units to 5 of the 6 mobiles, which I am purchasing from the local electric coop as an add-on to the electric bill of each mobile. All of the mobiles also have those modern electrical meters that differentiate between periods of peak, more expensive, usage and off-peak, cheaper usage. The ETS Units heat storage blocks during low usage (less expensive) times and give off heat during more expensive (daytime) times. [I am a believer in energy efficiency, the reason for the ETS units and added pitched roofs with insulation. I also have replaced the metal siding on two of the mobiles with "rough-tex" siding. Since two of the mobiles came with "rough-tex," only two of the mobiles have metal siding].

The park is on town water, natural gas provided by the town, and town sewer. Electricity is from Central NM Electric Cooperative, based in Moriarity, NM.

I am very certain that, given a strong interest on your part in purchasing this park, I failed to answer some question's). Please tell me what that/they is/are and I will answer honestly and completely.

Financing Terms:

Here is essentially �bottom line” on financing. 1: $7,500 cash (5% of sales price). 2. I will “carry” the approximately $26,000 at 6.5%, monthly payments of approximately $750 due each month to Wells Fargo for the approximately next 4 years (I will get you those exact numbers if you make me an offer at or above this bottom line) 3. That leaves $116,500, which I will finance at 6.5% for 15 years: a payment of $1014.84 per month. 4. I will pay the title insurance policy. The rest of the closing costs will be split between me and the buyer (These should be in the 100s of dollars range).

Ergo: For the first 4 years or so, the payment is $1014.84 + $750.00 = approximately $1765.00 per month. After the loan to Wells Fargo is paid off, the payment is $1014.84 or so.

I will require a background credit check.

I will probably not sell the park to someone who is not a “hands on” landlord. Most of my tenants have been with me a long time, pay their rent on time, and treat me and my property and their neighbors with respect. I hold them in high esteem. I have told them that I am thinking of selling the park but that I would ensure that their best interests would be protected in the transfer.

There is no penalty for early payoff.

I hope this helps. Please donÂ’t insult me by dickering with me on the above. I priced the park at what I feel (and have been told by professional realtors) is a very reasonable price and I have developed this financing using what I feel are reasonable parameters, based on early 2010 commercial loan quotes and what I know is right.