19 Unit Mobile Home Park with Storefront!!  $330,000 with a 35.8% CCR!!!

Investment Opportunity

Purchase Price: $330,000

Cost per pad: $17,368

Building Class:   C

Location Class:   C

Investment Benefits

• NOI $50,904
• 35.8% Cash on Cash Return
• 5 year ROI – 75.9%
• 15.4% Cap Rate
• Turn Key Ready
• Large Equity
• 95% Occuppied
• Even more possible value plays!

Property Description

 Unit Mix

Type	# of Units
Lots Rented	13
Park Homes	6
Retail	2

 

 

Number of Units: 19

Style: Land/Homes and Strip Center

Construction: Mobile Homes

Current Occupancy: 95%  

Market Cap Rate: 9%

Pro Forma Cap Rate: 15.4%      

 

 

Income and Expenses

Unit Income

Type	# of Units	Actual Rent
Lots Rented	13	$200
Park Home	5	$550
House	1	$475
Retail	1	$1000
Retail	1	$245

                        

Subject Property Rent:    

Actual rents are provided in the Rent Roll.  

Income                                                 Pro-Forma

Yearly Potential Income                            $84,840

Less Vacancy  (10%)                          (8,484)

Less Expenses (35%)                        (25,452)

Net Operating Income                            $50,904

 

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

(214) 796-7106

Info@AmeriplexHoldingsLLC.com