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Businesses For Sale   >>   Camping and Parks Businesses For Sale

50 Lot Mobile Home Park For Sale

Location  Louisiana,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $253500
Net Profit / Cash Flow  $223500
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Available
Reason for Sale  Other business interest

Description  
This mobile home park for sale near Lafayette, Louisiana has been totally demolished and rebuilt in the last 2 years. Newer homes (2005-2008 models) have been placed on large, treed lots with many interior renovations. Presently 29 homes are leased, with renovations being done to the other 6 homes, and an additional 14 lots ready for new homes. Potential buyers for this mobile home park for sale will see the value of this property because the asking price reflects a 15% CAP rate thatts been figured on the existing 29 homes paying rent alone. In a matter of weeks, the other 6 homes will be bringing in income, with another 14 lots that can be rented with only the small expense of an electrical pole installation (about $500). Lots of dirt has been hauled in, new roads are in place, sewer system and oxidation ponds on the very back of property have been redone, trees trimmed, etc. There are many other perks that go with the sale of this park. Seller has other projects and is very motivated to quickly divest this mobile home park for sale. Seller is open to owner financing to a qualified buyer with 50% down payment. All reasonable offers will be considered and promptly addressed.


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