Plum Tree Realty
Listed by Plum Tree Realty
$1,000,000
40993 Park Road
Details
APN 0100893001
Property Type Multifamily, Land
Sub Type Commercial, mobile home park
Square Footage 1,200
Net Rentable (SqFt) 1,152
Units 47
NOI $174,984
Price per SqFt $868
Mobile home park in Meigs County with 47 lots, 12 are park owned along with a house.
Marketing description
Country Homes Park is looking for a new owner after being in the same family for over 30 years. This park consists of 47 mobile home sites and one stick built home that is currently rented and is also home to the community office. There are 12 park owned mobile homes as well as the stick built house, creating plenty of income for the new owner on top of the typical lot rent. A flat area near the road has potential for extra green space or even a park to make the community even more appealing. The park has public water to each unit and it's own private waste water treament plant. This all spans roughly 15.8 acres which will be officially determined by a new survey that is to be completed for a parcel split prior to sale.
Listing Contacts
Plum Tree Realty
Listed by Plum Tree Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,984.00
$14,582.00/mo
Valuation Metrics
0
DSCR
17.5%
Cap Rate
17.5%
ROI
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