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Contact Information
Mobile Home Park Details
- Price: $10,000,000
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 9.0% (Pro Forma)
- Listing ID: 669097
- Posted On: Nov 28, 2017
- Updated On: Mar 5, 2020
Description
This 48 site MHP has an interesting upside. Sitting on 55 acres, the property is currently under due diligence for a solar farm to occupy 40-45 acres of the vacant land.The property currently has 17 sites ready for homes, while the remaining 31 sites will need septic for completion.
Location
Located in beautiful Leucadia!
Amenities
- Laundromat
- Pool
- Storage
- Club House
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 30 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1987 |
| Average MH Lot Rent: | $300 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $300,000 |
| Operating Expense: | $100,000 |
| Net Operating Income: | $200,000 |
| Expense Ratio: | 33.3 % |
| Debt Info: | Owner will carry loan |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 8 |
| Triplewide Lots: | 7 |
| Park Model Lots: | 6 |
RV Information
| Number of RV Lots: | 5 |
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $1,500 |
