32 Space Mobile Home Park for only $290,000!!  With a 18.6% CCR!!!

Investment Opportunity

Purchase Price: $290,000

Cost per Pad: $9,063

Building Class: C

Location Class: C

 NOI $29,160

18.6% CCR at only 34% Occupancy

5 year ROI – 31.2% 

Large Equity -opportunity to double investment • 2 park homes just were moved in to add another $1000 month this would raise the Cap Rate to 12.5 % •

Room to Add More Mobile Homes with additional acre

City water and sewer

 

Property Description

Unit Mix Type        # of Units

Park Owned                        9

Rented Lots                        4

 

Number of Lots: 32

Style: Land

Construction: Mobile Homes

Current Occupancy: 34%

Market Cap Rate: 9%

Actual Cap Rate: 13.3%

 

Income and Expenses

 

 Unit Income

 

Type	# of Units	Actual Rent
Park Owned	1	$450
Park Owned	4	$475
Park Owned	2	$550
Lots	4	$150
Lots	19	Vacant
Park Owned	2	Vacant

 

                               

Subject Property Rent:    

Actual rents are provided in the Rent Roll.  

Income                                                 Pro-Forma

Yearly Potential Income                            $48,600

Less Vacancy  (10%)                          (4,860)

Less Expenses (30%)                        (14,580)

Net Operating Income                            $29,160

 

Confidentiality

It is acknowledged by reader that information furnished in this Executive Summary is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious damage; therefore, reader agrees not to disclose it without the express written permission of AmeriPlex Holdings, LLC.

Disclaimer

AmeriPlex Holdings, LLC has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property. The information contained herein does not purport to be all inclusive nor does it purport to contain all of the information representative of the property. AmeriPlex Holdings, LLC nor any of its respective partners, officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein or otherwise expressed and conveyed and no legal liability is assumed or shall be implied with respect hereto. Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions. Projections, especially, are based on various assumptions and subjective determinations as to which no guaranty or assurance is given. Potential investors are recommended and urged to perform their own examination and investigation and not to rely on the information contained within this document or other materials otherwise provided.

Contact Information

Please contact me at the phone number or email address listed below if you are an interested party, or if you require further information. AmeriPlex Holdings, LLC

Billy (918) 630-5313

dbdalton77@gmail.com