Mobile Home Park - Profitable Even At 100% Financing
Location Missouri,United States
Asking Price Range < $250K
Gross Revenues $28680
Net Profit / Cash Flow $22908
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Inventory 190000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement.
Description Sugar Creek Mobile Home Park for sale. Jane, Missouri is located approximately 6 miles north of the Arkansas State Line above Bentonville and Bella Vista Arkansas. Bentonville is the headquarters for Wal-Mart. The area is booming and people are moving across the state line into Missouri because land and taxes are currently less expensive than Northwest Arkansas. Many Businesses have purchased land in this area i.e. Home Depot, Crowder College, Kum and Go, Wal-Mart, etc. The park is located on State Hwy 90 and has approximately 300 ft of Hwy frontage.
The park contains 1 stick build home and 5 mobile homes on 5 acres. There is also a small storage barn included with the park and two additional mobile homes that are not currently hooked up to septic. The park brings in $2,300/mo.
Engineering design has been completed for an Aerated Waste Treatment System for an additional 5 spaces on the property. The 4 rented homes have all been renovated within a year. The park has city water and electricity paid by tenants. The park currently pays for trash removal. The park is 100% full and demand for rentals in the area is high. Current Manager lives approximately 200 yards from park.
Rental income: $2,390/mo.
Maintenance: $200/mo.
Taxes: $41/mo.
Insurance: $160/mo.
Total Monthly Expenses: $401/mo.
Total Net Income: $1,909/mo.
There is Upside Income with the addition of 5 new spaces. Additional income could be gained by adding the trash disposal costs to tenant's rent, all homes could be lease optioned to eliminate maintenance costs. If new owner managed park then additional income would be realized. Perfect for out of area owner. Current manager would like to continue managing the park. For more information email or call Keith Life: 479 925 8388
Click Here To Contact Seller
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