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Que Martyn
Office Phone: (808)-298-0639
Cell Phone: (808) 283-8980
Email: qmartyn (at) gmail (dot) com
Below is a chronological list of new arrivals of mobile home park listings for sale nationwide with short summaries. These are LIVE mobile home park listings that are controlled and deliverable. We are authorized to confidentially offer these mobile home park listings for sale. These mobile home park listings may not appear in authorized searches of mobile home park listings for sale on our web site because they have not been inputted, or, we have not received authorization to display full property details on our web site. Please let us know which Property #'s you have interest in and we will immediately confirm availability and make every effort get you the full property details. All mobile home park listings are subject to prior offers received or withdrawal at any time.
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Property #MHP342 - Request more information
• Two Marcellus Shale Mobile Home Parks
• Super Fantastic Opportunity
• Pennsylvania
• The Marcellus Shale is a major source of natural gas in the subsurface beneath much of Ohio, West Virginia, Pennsylvania and New York. Small areas of Maryland, Kentucky, Tennessee, and Virginia are also underlain by the Marcellus Shale. The Marcellus Shale formation can be found beneath about 60 percent of Pennsylvanias total land mass, where it is buried to depths of up to 9,000 feet.
FIRST PARK
• 134 lots
• New park just leasing up so occupancy is not at 100% yet
• Expandable to 800 lots (inquire about adjacent land owned)
• This is not a low income mobile home park. This park is targeted towards earning workers of the Marcellus Shale play
• All infrastructure in place
• Pad, sewer, water, phone cable in place
• There are no zoning laws - wide open
• Best use is mobile home lot rentals, however, can also be used for RVs
• This is an opportunity for an investor to get in early in a booming area
• Rents are currently forecasted to jup 300% to 400% due to the Marcellus "modern day gold rush"
• No Zoning Laws
• A+ Infrastructure
• Great Location
• 134 Sites Available
• Built in 2000
• 49.196 Acres Available in Marcellus Shale Play (more adjacent land avaialble for up to 800 lot expansion
• Underground A+ utilities including electric and cable
• Sewer operated has up to 800 permits to homes with self contained aerated tanks
• Tree scaped roads with 3" caliper Red Spire Pears planted in 2009 all with mountain views in mind
• Local amenities such as hospitals, veterinarians, churches, schools, shopping and recreational activities are all within short distances of Bradford Heights.
• 134 Sites: Average Lot Size: 55' x 125'
• Paved streets and driveways to existing homes that was completed in 2010 and is locally maintained year round by Township
SECOND PARK
• Currently has 60 lots
• Permitted for 160 Lots
• Average Lot Size 100 x 50
• Great Location only 3 miles from major Interestate Highway
• Great Layout using topography to its advantage
• Entire community surrounded by nature, Creek
• Newer homes within the community.
• All on nicely landscaped lots.
• Average age of home is 10 years.
• Public sewer, private water system with new state of the art water filtration system
• A great property with high returns
• Reap the rewards on this great commercial location.
Fri, 19 Aug 2011 19:11:40
Property #MHP341 - Request more information
• Georgia Mobile Home Park For Sale
• Price: $2,735,000
• Net Operating Income: $257,090
• Cap Rate: 9.40%
• Land Area: 12 acres
• 92% occupied, 76 Unit Mobile Home Park. All lot rentals with room to grow! Built in 1987 on 12 acres with underground electric and natural gas. On City water with individual meters (we read meters and bill tenants). Has manager on site or owner will manage through his property management company. GREAT CAP rate and financials will be furnished for serious inquiries only! Don't delay as this one will go fast with it's excellent cash flow now and great upside down the line!
Date: 19 Aug 2011 08:31:51
Property #MHP340. Request more information
• Mobile Home Park Deal!
• St. Louis, MO
• Approx. 170 pads in a St. Louis MO suburb
• 66 total lot rents @$320 each and 9 total rentals total gross over $29,000 per month
• Net Operating Income is approx. $23,000 per month ($273,000 annually!)
• Owner is looking to sell
• Firm Asking Price is $1,650,000 which is under $10,000 per pad.
• Cash buyers only!
• Hot deal!
• Contact: Que Martyn, (855)-NNN-1031
• Fri, 29 Jul 2011 14:55:29
Property #MHP339. Request more information
• Mobile Home Park
• California
• Price: $3,700,000
• Net Operating Income: $350,778
• Cap Rate: 9.48%
• Spaces: 91
• Year Built: 1964
• Land: 9 acres
• Desirable and Growing Area
• 98% Occupancy with long-term residents
• Pool, and rec center with assembly room, ping pong, pool, basketball court, playground
• No age restriction or rent control
• Professionally Managed
• City Sewer
• Price well below all comps. Stable, performing, all-age, family mobile home park.
• 10 Dwelling Units/Acre.
• Zoned MH. Permitted uses mobile home park
• Water available, not connected source on-site well.
• Sewer connected City.
• This is a very nice, well organized community with long-term residents in a nice neighborhood.
• Date: 11 Jul 2011 18:04:41
Property #MHP338. Request more information
• KOA Kampground
• California
• Price:$1,985,000
• Net Operating Income: $153,000
• Spaces: 112
• Land: 75 acres
• Seller Financing Available
• Many Improvments Made
• Incredible Los Angeles County Location
• Historical Double Digit % Revenue Growth
• KOA Franchise Support
• Adding Amenities Provides Substantial Increases in Revenue
• Located in a beautiful Canyon, this KOA supports 79 RVs with full services, 32 structured tent sites and rustic tent camping at the Northeastern end of the campground. The property consists of an outdoor pool, volleyball court, horseshoe pits, an playground, 2 recreation/meeting rooms, three bathhouses with showers, laundry facilities, propane sales, a convenience store, and additional land to support prospective revenue sources such as Kamping Kabins, Tepee' s, RV storage, and horse boarding.
• This KOA Kampground is on approximately 75 acres and is an access point for the Pacifc Crest Trail, which runs from Mexico to Canada through the Western United States. It is a short drive to California' s world-famous theme parks, shopping, dining, theatres, museums, and beaches. This resort hosts several popular festivities each year including car shows, an American Indian festival and many group activities.
• The owner has made numerous physical improvements to the property during his stewardship that will last for years to come and have drastically enhanced the value of this income producing asset.
• This KOA is one of three located in Los Angeles County.
• Thu, 7 Jul 2011 13:43:08
Property #MHP337. Request more information
• Three Moble Home - PRICE REDUCED - 15.61% CAP Rate!
• Virginia
• Price: $985,000
• Net Operating Income: $153,759
• Spaces: 71
• Cap Rate: 15.61%
• Land: 71 acres
• 15.61% CAP Investment Opportunity
• Spaces - 71 including one three-bedroom house
• Total Homes Park Owned - 58
• Tenant Owned Homes - 13 (Lot Space Lease Only)
• Rent to Own - 12 Under Contract
• Vacant Lots - 1
• Vacant Homes - 25
• - Upside Potential - $20,735 at current rental rates
• - Historical Vacancy - 8-10% (With Aggressive Marketing)
• 2010 Financials
• - Gross Income $173,959
• - Expenses - $20,231
• - NOI $153,727
• Rental Rates
• - Park Owns Units - $335 / Month (Average)
• - Lots - $125 - $135 / Month (Area Competitive Rates: $145 - $150)
• Provided by Owner
• - Water
• - Septic
• - Washer & Dryer in Park Owned Units
• Park 1 located with 10 Spaces.
• Park 2 with 21 Spaces & House.
• Park 3 with 40 Spaces.
• Date: 7 Jul 2011 07:19:29
Property #MHP336. Request more information
• Mobile Home Park
• North Carolina
• Price: $1,385,000
• Net Operating Income: $82,823
• Cap Rate: 5.98%
• Spaces:41
• Land: 9.90
• 55+ Senior Certified Park
• Below Market Rents - Cap 8.7% at Market Rents
• Lot Rent is Paid Annually
• City Water
• All Utilities Billed Directly To Tenants
• Located in the Center of a Shopping District
• Tue, 5 Jul 2011 17:08:40
Property #MHP335. Request more information
• RV Park
• Washington
• Price:$1,500,000
• 35 Full Hookup sites with 30 & 50 amp service, 15 shaded tent sites with equipped cooking facilities, furnished 2 bedroom cottage with fully equipped kitchen, high speed wireless internet connection, clean restrooms and laundry facilities and a River View
• Whether you are looking for adventure or simply just want to relax and enjoy the scenery this park has it all.
• Located on the north shore of the a major River you will find yourself surrounded by magnificent mountains and breathtaking river vistas.
• This resort offers brilliantly manicured grounds that embrace pull through and back in RV sites, shaded tent sites, a furnished cottage, clean restrooms, fresh showers, and modern laundry facilities.
• Date: 5 Jul 2011 13:20:18
Property #MHP334. Request more information
• KOA Campground
• Florida
• Price: $3,500,000
• Spaces: 233
• Building Size:7,500 sf
• Cap Rate: 10%
• Land:46 AC
• Woodall's 5 W rating - Top 20 of KOA Parks.
• Beautiful setting with many trees, fishing lake, clubhouse and store.
• Park sits on 20 acres and has additional 26 acres that can be used for RV Park, Park Model Park, Lot sale Park or Mobile Home Park.
• City Water & sewer.
• Excellent opportunity for unusually high earnings. KOA can be terminated.
• Fri, 01 Jul 2011 08:02:40
• Aaron Rents has recently re-branded to Aaron's, Inc to bring in line the same name that all our stores operate under. Over 55 million households across North America know and trust the Aaron's name. Aaron's, Inc. New York Stock Exchange ticker symbols are AAN and AANA. Aaron's is the industry leader in serving the moderate-income customer, offering affordable payment plans, quality merchandise and superior service. Aaron's has been responsible for many of the industry's most successful and innovative marketing, operational and manufacturing programs.
• Thu, 30 Jun 2011 22:08:00
Property #MHP333. Request more information
• Income Producing RV / Tent Park
• California
• Price: $5,500,000
• Spaces:187
• Land: 31.20 acres
• 31 Acres of Income Property
• Hwy Destination
• Established Park Operations & Income
• Near SF & Bay Area, Wine Country & Coast
• Includes 187 Total Sites (80 RV/107 Tent)
• On City Water Plus Well For Irrigation
• 31.2 Acres of income producing land bank. This park offers year round occupancy and direct access to 65,000 acres of unspoiled wilderness and seaside exploration and is less than one hours drive for over 12,000,000 people. 187 sites on 7 parcels totaling over 31 fee simple acres. Of the existing 187 sites the park has 26 full hook-up spaces, 54 water and electric spaces, 107 tents spaces. Permits are in place for a total of 246 spaces upon completion of septic system upgrades. Recent upgrades include new bath facilities, upgraded electric pedestals, new landscaping, new paving and streets, new laundry equipment, numerous tree trimming and tree cutting projects and new golf carts. Current occupancy has been running at the 20% level where most of the other parks in the County are at or above the 50% level - this presents an incredible opportunity for substantial cash flow increases. This is a rare opportunity to own a sizeable piece of real estate that has a revenue source in place and the potential to expand
• Date: 28 Jun 2011 13:34:37
Property #MHP332. Request more information
• Upside Park - RECEIVERSHIP SALE
• Nevada
• Price: $1,540,000
• No. Spaces: 100
• Land: 4.32 acres
• Opportunity to purchase in-fill location significantly below replacement cost
• New cost basis will provide multiple strategies such as upgrading back section to accomodate RVs or reconfigure for single wides
• Potential for value in inventory homes and RVs after obtaining titles
• Sale includes a vacant, completely renovated three bedroom apartment that is attached to the office
• Public water and sewer
• No rent control in Nevada
• Located in a MSA that has a population over 400,000.
• The community is located in close proximity to several major thoroughfares
• With an enrollment of over 17,500 students, the University of Nevada Reno is located less than four miles from the property and is a major economic driver for the area.
• Less than four miles east is the Legends at Sparks Marina, a premier $1.2 billion retail destination with more than 1 million sf of stores.
• The MSA is a storied tourist and retirement destination with an active gaming and hospitality industry with close proximity to Lake Tahoe, and within an hour drive of 50 golf courses.
• The average household income within a 5 mile radius is $60,581.
• Located in the rain shadow of the Sierra Nevada Mountains, the city's steppe climate provides moderate weather and sunshine year round.
• From a tax standpoint, Nevada is one of the best states to conduct business; there is no corporate or individual income tax.
• Date: 27 Jun 2011 19:56:12
Property #MHP331. Request more information
• Senior Mobile Home Park
• Washington
• Price: $3,300,000
• Net Operating Income: $227,700
• Cap Rate: 6.90%
• No. Spaces: 93
• Occupancy: 73%
• Lot Size: 9.30 acres
• Older Senior (over 55) park with 15 Vacancies. Purchased for the land before the downturn in housing. Owners are not experienced Mobile Home Park owners. Most tenants are single wide homes, there are not many parks that accept single wide homes an experience operator should not have difficulity filling the vacant spaces. There is one small house located outside the park that goes with the property.
• Located in a modest neighborhood in Vancouver with easy acess to work or play in downtown Vancouver, Portland Oregon,93 Seattle WA, or points east or south, by bus, car or I-5, I-205.
• Date: 27 Jun 2011 14:19:59
Property #MHP330. Request more information
• Mobile Home Park
• Tennessee
• Price: $1,599,000
• Net Operating Income: $167,895
• Cap Rate:10.50%
• No. Spaces: 22
• Land : 31.10 acres
• 31.1 acres with 800 feet on a Higheay.
• The property consists of a duplex and a single family residence in addition to 19 manufactured homes on permanent foundations on 1-3acre lots.
• The access roads and gravel and there are two additional development sites included in a full price offer.
• The first is 10 acres for additional manufactured homes and the second is 2ac mol for commercial development
• Date: 24 Jun 2011 09:15:28
Property #MHP329. Request more information
• TRAILER PARK - NICE UPSIDE
• California
• Price: $1,000,000
• Net Operating Income: $70,300
• Cap Rate: 7.03%
• Spaces: 34
• Land: 1.79 acres
• Below Market Rents
• Last Increase Was In 2005
• Tons Of Upside
• 215 Fwy Location
• 30 mobile home spaces with an additional 3 stick built structures (2 SFR w/ 1 attached APT & 1 retail store front leased to a furniture shop) for a total of 34 paying spaces.
• LAST rent increase was 2005 and rents are well BELOW market rent.
• Utilities are sub-metered with the exception of water.
• ***MOTIVATED SELLER WHO IS NOT IN MHP BUSINESS, WANTS TO UNLOAD***
• Fill the 4 vacancies and you are sitting @ 8.63%CAP not to mention if you increase ONLY MH SPACES rent by $20 you will be sitting @ 9.35%CAP and can STILL capture upside by installing H2O meters.
• New housing development going directly behind the trailer park.
• INFILL LOCATION.
• Date: 20 Jun 2011 14:07:38
Property #MHP328. Request more information
• Marina, RV, MH Park
• Florida
• Price: $950,000
• Land: 3.47 acres
• 245 feet of River frontage
• Deep water with submerged land lease
• Convenience store and gas
• RV and MH sites
• Plenty of upside potential
• Commercial zoning
• This Marina has 245 feet of frontage on a beautiful River.
• Currently with 21 existing slips, convience store, live bait sales, marine gas sales.
• Property has existing 17 RV sites, 14 mobile home sites, 5 cabins, office, clubhouse and 2,500 SF +/- owners house with screened pool.
• Property is located in Florida (Putnam County) on 3.47 acres+/ with deep water on the River including submerged land lease.
• City water -sewage and gas available.
• Located in a small town of approximately 800 residents located where fishing and golf carts are enjoyed by all.
• People who love to fish and enjoy nature return to here year after year.
• Mon, 20 Jun 2011 08:47
Property #MHP327. Request more information
• Canal Resort with Cottages, RV & Camper Hook-Ups
• Washington State
• Price: $2,200,000
• Land: 15.52 acres
• Located on a beautiful Canal.
• This resort is situated on 15+ acres of serene, breathtaking scenery on shore a beautiful canal.
• Fully equipped, waterfront cottages, courtyard cottages
• RV and camper and hook-ups
• 20+ sites offered
• Boat launch that allows launching a boat at both high and low tides.
• Waterfront beach.
• 600+ foot dock with moorage slips that can handle 20' boats and several outside slips that can manage much larger boats which is available either nightly or annually.
• Parking is available for boat trailers for daytime use.
• The resort has incorporated a general store for the forgotten item and a common fire pit and gathering place for everyone to enjoy.
• Included are restrooms, showers, and laundry facilities.
• This resort is situated on 15+ acres of serene, breathtaking scenery
• Date: 17 Jun 2011 13:37
Property #MHP326. Request more information
ppp
• R.V. Park
• Washington State
• One of Washington's Finest RV Parks
• Price: $1,800,000
• Number of Spaces: 122
• Land: 15.80 AC
• 71 Full Hook-Ups with 30/50 amps, 51 Partial Hook-Ups Sites with Only Water and Power, Rental Trailers, Office and Clubhouse, Adult Clubhouse, Maintenance Storage Yard, Onsite Propane, Storage Building, Shop, Ample Overflow Parking, Beautiful Restroom Facilities, Laundry Facilities, Gate Host Building, Dump Station, Outdoor Pool, Outdoor Hot Tub, Shuffleboard Courts, Horseshoe Pits, Putt-Putt Golf Course, Playground
• This RV park is located on a premier lake in Eastern Washington.
• Nestled between majestic basalt cliffs and rim rock slopes, it is a perfect spot for RV and tent campers alike.
• A truly unique experience for the whole family and create lasting memories at this premier lake front campground.
• This tree lined paradise is a perfect spot for RVs and tent campers alike.
• There are also several cabins.
• The resort has its own dock, a swimming pool, clubhouse, hot tub, sauna, putt-putt golf course, playground, volleyball, shuffleboard, and horseshoe game stations, along with its own sandy beach.
• Recently added is an arcade, espresso bar, outdoor hot tub and a fitness room with equipment.
• This is a newer park that is in perfect shape.
• Date: 14 Jun 2011 12:32
Property #MHP326. Request more information
• Mobile Home Park
• Virginia
• Price: $1,975,000
• Number of Spaces: 57
• Cap Rate: 10.90%
• Land Area: 28.50 acres
• Operational mobile home park with 56 spaces for mobile homes.
• Situated on 28.5 Acres
• This income producing park is a great investment.
• Included with the land is 30 mobile homes plus a double wide home.
• Thu, 9 Jun 2011 15:53:19
Property #MHP325. Request more information
• EXTRA NICE 73 SPACE RV PARK FOR SALE
• Texas
• Size: 8 acres
• Price: $950,000 (no owner financing)
• Adjacent 3+/- Acres cleared for expansion included
• Full Hook-ups - 20/30/40 amp
• Large 30'X 60' lots
• Washateria
• Men's & women's restrooms and shower
• Website with high established traffic
• New management will help to realize full income potential of park
• Owner looking to retire
• Contact listing broker for financials
• Financial information:
• $13,013 per pad plus 3+/- cleared acres for expansion
• Taxes rate: 2.85264000
• Income Rates as of 6/1/11
• Daily
..$25
• Weekly
$120
• Monthly..$285 + electric
• Area Attractions:
• All area beaches
• NASA Space Center
• Moody Gardens-Galveston
• Kemah Boardwalk
• Texas City Dog Track
• The Strand Seaport Museum
• The Strand Historic District
• Carnival /Other Cruise Lines out of Port of Galveston
• Traders Village Houston
• We are in the process of verifying all numbers but below is what the seller has provided thus far.
• Keep in mind that the seller is 70 years old and has had management and marketing issues and for the most part but was still able to have "respectable occupancy" in the park.
• The business has a very active website whereby he can take reservations and payment online.
• The current manager is adept at handling people but is not acquainted with the bookkeeping.
• She has provided me a sample of two months receipts
• We have in file the spreadsheets for a buyer's review.
• Last year the park grossed approximately $155,000 and expenses are were approximately at $104,689 according to seller.
• In that number, electricity is extremely high because he is currently paying an electricity rate that is at 15.5 cents per kilowatt but as of Sept 2012 that DROP to .09 cents.
• At roughly 38% less in electricity going forward, this would reduce the gross expenses by approximately $11,800 with the same gross sales.
• (The new owner would and should negotiate electricity at this lower rate.)
• This, in the owners opinion is one reason the park does not have higher occupancy $$$ along with economy and gross mismanagement by previous manager.
• The property is nicely built and there is room for expansion.
• The seller is looking to sell and retire and will entertain all reasonable offers.
• Offer must be "cash to seller" as there is no owner financing.
• Because of the high interest in this property and to keep things moving, a verbal offer or LOI is acceptable and will only be legally binding once both parties agree and sign a contract.
• Date: Thu, 9 Jun 2011 05:23
Property #MHP324. Request more information
• Mobile Home & Mini Storage Park
• Texas
• Price: $2,600,000
• Total gross land area: +/- 16 Acres
•
• Mobile Home Park:
• Total mobile home spaces: 105
• Price per space mobile home: $16,510
• Occupancy mobile home park: 95%
• Average monthly rent :$195
• Park owned mobile homes: 14
•
• Mini Storage Facility:
• Total mini storage Units: 105
• Price per square ft: $40.00
• Built 1982
• Mini storage building: 21,660 sf
• Mini storage occupancy: +/-25%
• Average monthly rent: $65
•
• Total combined monthly income is approx $23,000
• Cap Rate: 11%
•
• Amenities:
• The property includes a trailer home that is currently used as the office and contact point for tenants. The home could be used for an on site manager and family.
•
• This California Street Mobile Home Park and Mini Storage consists of +/- 16 acres.
• The Mobile Home Park and Mini Storage facility consists of 105 rentable mobile home spaces and 105 mini storage units.
• The mobile home park is 95% occupied and the mini storage is rented at approximately 25% overall.
• The property is easily managed with a home for an on site office or live in manager.
• Financing: Cash or Owner Finance
•
• This is perfect for investment savvy buyers. The surrounding area consists of single family homes and is adjacent to a highly successful RV Park and Golf Course.
• Due to the area demographics of families and workers, this park stays rented at or above 95% on a consistent basis.
• With new ownership and management, the mobile home park and mini storage could be brought up to higher rentals and occupancy than is presently done.
•
• Utilities:
• City utilities are available at the property and provided by the City.
• The water is sub-metered and tenant pays electricity
• Thu, 9 Jun 2011 05:23
Property #MHP324. Request more information
• 100% PAID FEES & APPROVED 21 UNITS
• San Diego, California
• Price:Price Not Disclosed
• Land Area: 1.10 acres
• Development Fees Are Already PAID
• Very Strong Rental Demand in Key Location
• Individually Detached Prefab Units
• Can Be Built & Filled Fast, Shovel Ready Now
• Up to Permanent Stay Occupancy Approved
• Fully approved & paid development fees this park can be built fast and filled quickly with 21 prefabricated detached dwellings and/or trailers.
• Prefab units bids are as low as $50 per square foot dramatically less than traditional construction and are fully ready in a fraction of the time.
• Each unit allows for 2 parking spaces next to home (tandem) The City of San Diego has approved this park for permanent stay use for Park Models .
• These freestanding buildings are more commonly used for independent stand alone recreational accommodations. Park Models are known for their lower cost to purchase, easy of movement, simple set up and avoid additional development fees.
• This project may qualify for low income housing, types of senior living or green environmentally friendly construction.
• Date: 8 Jun 2011 16:29
Property #MHP323. Request more information
• Mobile Home Park
• California
• Located approximately 60 miles outside of Palm Springs.
• 4 Star Park under $10K a Space/Motivated Seller!
• No. Spaces: 331
• Occupancy: 60%
• Price: $3,500,000
• Price/Space: $10,574
• GRM: 4.68
• Cap Rate: 10.44%
• Attractive and Well Maintained/4-Star Amenities!
• 10.44 Cap on Stabilized Occupancy!
• Mostly Permanent Mobile Home Spaces with Tenant Owned Coaches!
• Upside through Aggressive Leasing!
• Potential Resort Mobile Home Park
• Attractive well maintained property originally permitted for 331 spaces.
• Currently the park has been down-sized to its current 269 spaces.
• The 'in use' spaces can be increased by adding electrical meters that were removed.
• The current spaces consist of 185 permanent Mobile Home lots and 84 RV spaces.
• The permanent Mobile Home Lots are comprised primarily of double-wide coaches with some triple-space and single-wide coaches with pop-outs.
• There are 62 spaces that are not currently being used as the electric meters were removed.
• Situated on approximate 37.33 acres of land (.86 acres are not included in the sale).
• This Mobile Home Park offers the following appealing amenity package:
• Large Clubhouse
• Recreation Room
• Library
• Kitchen
• Billiard Room
• Card Room
• BBQ and BBQ Area
• Community Park Area
• Large Community Swimming Pool with Separate Men and Ladies Restrooms
• Park Office
• Park Postal Room
• Location Description
• Date: 8 Jun 2011 14:59
Property #MHP322. Request more information
• Campground
• California
• Price: $500,000
• No. Spaces: 32
• Price/Space: $15,625
• Property Sub-type:Additional Sub-types:Retail (Other)
• Special Purpose (Other)
• Property Use Type:Investment
• Lot Size:78,500 SF
• This campground is the gateway to the local beaches.
• This is the closest campground to the Pacific Ocean in the area yet a world away.
• The ocean and beach are only a two minute walk!
• Listen to the ocean from your campsite.
• This lush, spacious campground has many areas to camp.
• From 32 dry campsites including 8 sites with water and power available for RVs, 4 large horse corrals for the equestrian camper, and large areas great for group camping.
• Sites include picnic tables and fire pits.
• Facilities include a large bathroom with showers that are free for guests and an office with potential for private residence.
• Plenty of room for expansion.
• Wed, 08 Jun 2011 11:45
Property #MHP321. Request more information
• MHP or Commercial Use
• California
• Price Reduced! Bailywick MHP SELLER CARRY!
• $595,000 Seller Will Carry
• Up to 14 Spaces, Corner Location
• High Traffic Commercial Location
• No Rent Control
• City Water
• Clean Slate!
• This fully approved MHP could either be turned back into a park or converted into a much needed corner commercial use in the area.
• This is one of the only traffic routes between a popular lake and valley and captures the communities to the north and south.
• The owner can be somewhat flexible with seller financing terms in conditions with a reasonable offer.
• On 2.09 Acres the park/property is serviced by city water and septic (sewer is on the street and can be connected freeing up additional usable area).
• Date: 7 Jun 2011 10:49:33
Property #MHP320. Request more information
• Mobile Home Park
• PRICE REDUCED
• Oregon
• Cash Flow: 24,600/Space
• Price: $2,790,000
• CAP: 12.1%
• 122 Spaces
• Seller Will Carry Financing
• 40 Acres with additional 100 Acres Avail.
• Ample Water for onsite 9 Hole Golf & Range
• The park's operations has been completely reorganized over recent years to take advantage of the multiple income streams unique to this property.
• This includes the stable income produced by serving as the area's public utility provider for both well water and septic services for SFR's outside the park and are now charging $132 to 80 home sites + overages.
• The are 16 MH and 2 RV remaining vacancies for additional revenue.
• Although the park continues to fill with mobile homes the park has been able to tap into the strong demand for quality long-term RV occupancy in the park's Mobile Home Spaces.
• Lifestyle, community and affordability are motivating factors to live at this park.
• Amenities including a 9 hole executive course, driving range (with ample well water making it affordable to operate) a large clubhouse and a onsite restaurant bar (which is leased to an 3rd party operator).
• There is additional land for future development available by separate purchase contract.
• Acquiring this would take the property to approximately 150 total acres.
• Please contact us for more information regarding the extra acreage and/or terms of the seller financing.
• Date: 7 Jun 2011 10:48:09
Property #MHP319. Request more information
• MOBILE HOME PARK
• Missouri
• 122 lots
• $335 rent (waiting list, increases of $15-9/2009 & $15-11/2010)
• 100% occupancy (1 vacancy on 1/20/2011)
• Built in 1985
• No park-owned homes
• Tenants pay water-direct bill
• 75% of homes have peaked roofs, many with vinyl-lap siding and some multi-section homes
• Located in not far from St. Louis, within walking distance of 2,000,000' of new retail, including the a Mall, new homes, condo's and apartments.
• 2010 INCOME/EXPENSE
• INCOME
.$461,385
• 1/20/2011 rent roll-$41,830/mo
.$501,960
• EXPENSES
• Accounting
$2,875
• Auto
401
• Insurance
2,396
• Bank fees
...504
• Landscaping
...2,951
• Mgt. fees
16,839
• Office
...4,091
• Payroll
...31,148
• Payroll taxes
...3,022
• Postage/delivery
.1,064
• Professional fees
...521
• R/M
.7,080
• Property taxes
..21,252
• Telephone
...2,332
• Water/sewer
.47,233
• Electricity/gas
4,805
• Garbage
25,237
• Casual labor
..177
• Moving
5,951 (deleted-no longer)
• Supplies
..1,414
• Total expenses
$175,342 (35%)
• NOI
..$326,618
• Debt service
.$213,922
• Cash flow
.$112,696
• Cash return ($1,425,000)
7.9%
• SALES INFORMATION
• Purchase price
$4,050,000
• Down payment
$1,425,000 (35%)
• Assume existing debt
$2,625,000 (65%)
• Existing debt: PrivateBank (mortgage bankers), 6.25%, 25 yr. am, last year avg. P&I payment of $17,826/mo or $213,922/yr. which includes an average of $4,334/mo. principal and $13,492/mo. interest. Escrows of $15,166.39/mo., matures on 11/20/2013.
• Price/pad
.$33,196
• Cap rate
8.06%
• Cash return
..7.9%
• Leverage
65%
• Mon, 06 Jun 2011 18:58
Property #MHP318. Request more information
• MOBILE HOME PARK
• Arizona
• 82 lots
• 4 star family park
• $385 rent
• All mobile homes, except 1 RV
• Tenants pay all utilities (W/S/E/G/T)
• 93% occupancy (Feb. 2011-1 vacant, 2 models)
• Sale includes the 2 models
• Built in 1977
• Includes 10 notes with $29,340/yr. in note income
• Small 10,000 gal. swimming pool, separate clubhouse and office
• 13 double wide homes
• Located in suburb of Phoenix
•
• 2010 INCOME/EXPENSE
•
• INCOME
$395,633
• Feb. 2011 rent roll
$421,872
•
• EXPENSES
• R/M
..$15,098
• Meter reading
.....2,096
• Insurance
4,035
• Sales taxes
...7,540
• Utilities
• El
$7,930
• Tel
2,223
• Gas
...1,663
• Water
.12,698
• Sewer
.18,482
• Trash
...6,158
..45,154
• Pool
..1,027
• Accounting
.725
• Legal
6,808
• Property taxes
...20,061
• License/dues/permits
.473
• Bank charges
..1,077
• Office
...5,014
• Payroll
..34,969
• Total expenses
...$144,077 (34%)
• NOI
$277,795
• Debt Service ($2,850,000)
$189,744
• Cash flow ($1,450,000)
...$88,051
•
• SALES INFORMATION
•
• Sales price
..$4,300,000
•
• Down payment
..$1,450,000 (34%)
•
• Assume debt
..$2,850,000 (66%)
•
• Existing debt: Bank of LaJolla, 6.5%, 30 yr. am/term, 26 years to run, $15,812/mo. P&I, plus $1,296/mo. escrows
•
• Price/lot
$52,439
•
• Cap rate
.6.5% (7.15% w/note income)
•
• Cash return
6.07% (8.09% w/note income)
•
• Leverage
..66%
•
• Mon, 06 Jun 2011 18:58
Property #MHP317. Request more information
• MOBILE HOME PARK
• Missouri
• 125 lots (118 MH, 7 RV, 5 unusable)
• $340 rent ($10 increase on 11/2010)
• 55+ community
• 98% occupancy (2 vacant)
• Built in 1960
• 1 rental - $350 & 1 note - $126.65 + lot
• 8.6% cap rate
• 9.65% cash return
• Assumable financing
• Located in a St. Louis suburb, 8 minutes to the city of St. Louis and 20 minutes to downtown
• 2010 INCOME/EXPENSE
• INCOME
$455,851
• Jan. 2011 rent roll
.$481,620
• EXPENSES
• Accounting
.$2,625
• Auto
.178
• Insurance
..1,709
• Bank fees
.458
• Landscaping
.2,261
• Licenses/permits
..731
• Mgt. fees
..18,349
• Office
.3,428
• Payroll
.24,902
• Payroll taxes
.2,972
• Postage/delivery
..380
• R/M
...4,514
• Property taxes
19,463
• Telephone
.1,693
• Water/sewer
22,307
• Electicity/gas
.9,634
• Casual labor
..4,623
• Supplies
365
• Total expenses
$120,592 (25%)
• NOI
$361,028
• Debt Service
..$221,009
• Cash flow
...$140,019
• Cash return ($1,450,000)
.9.65%
• SALES INFORMATION
• Purchase price
$4,200,000
• Down Payment
$1,450,000 (34%)
• Assume loan
.$2,750,000 (66%)
• Existing debt: Privatebank (mortgage bankers), $2,750,000, 25 yr. am, $18,417/mo. includes $4,500 in principal and $13,917 in interest, escrows of $17,986.69/mo, due 10/9/2013
• Price/lot
.$33,600
• Cap rate
8.6%
• Cash return
.9.65%
• Leverage
66%
• Above figures do NOT include note income of $1,520/yr.
• Mon, 06 Jun 2011 18:58
Property #MHP316. Request more information
• MOBILE HOME PARK
• Arizona
• 78 Lots (68 MH, 10 RV)
• $385 MH Rent
• $355 RV Rent
• Family park
• 82% occupancy (3/2011 -14 vacancies include 2 MH, 4 models, 1 MH rental of $699, 4 RV rentals, 3 RV abandoned)
• Tenant pays all utilities on the 68 mobile home lots
• Landlord pays utilities, except electric, on the 10 RV lots
• Sale includes 23 notes of $5,073.64/mo = $60,833/yr.
• Basketball court, small laundry, playground, 2 picnic areas
• A quiet family park
• Located in the largest Phoenix suburb with 1,200,000 pop.
• 2010 INCOME/EXPENSE
• INCOME
..$283,932
• 2//2011 rent roll
........$352,692 *
• EXPENSES
• R/M
.6,352
• Landscaping
...2,883
• Insurance
4,289
• Meter reading
.2,511
• Consulting
...1,500
• Bank charges
..1,032
• Sales tax
..4,723
• Utilities
• El
.$8,657
• Tel
.2,292
• Gas
...710
• Water
..13,505
• Sewer
..15,965
• Trash
.....7,362
• Total
...48,491
• Advertising
.1,509
• Accounting
..2,600
• Legal
1,100
• Property taxes
7,219
• Licenses, dues permits
..170
• Mobile homes
..2,801
• Office
...3,565
• Payroll
...25,166
• Total Expenses
..$115,911 (33%)
• NOI
$236,781
• Debt Service
..$100,417
• Cash Flow
..$136,364
• Return on Cash ($1,100,000)
...10.5%
• * = Income does not include the note income of $60,833/yr. on 23 homes
• SALES INFORMATION
• Purchase Price
$3,400,000
• Down Payment
$1,100,000 (32%)
• Assume Existing Debt
.$2,300,000 (68%)
• Existing Debt: 5.48%, $11,363/mo. or $136,356/yr. P&I,
• Escrows of $775.84-taxes, $426.85-ins., $325-reserve
• Price/lot
.$46,153
• Cap Rate
.7% (pad rent) 8.75% (with note income)
• Return on Cash
.12.4% (pad rent) 17.9% (with note income)
• Leverage
..68%
• Mon, 06 Jun 2011 18:58
• Cap Rate
8.48%
• Cash Return
..9.84%
• Leverage
.66%
• Mon, 06 Jun 2011 18:58
Property #MHP315. Request more information
• MOBILE HOME PARK
• Michigan
• 215 lots
• 5 star park
• $335-355 rents (last increase will be $20 on 8/1/2011)
• Built in 2000 on 57 acres in a residential setting
• 96% occupancy (5 vacant, 4 model-2/5/2011)
• Includes 4 model homes valued at $110,000
• All are sectional double-wide homes with faux brick skirting
• 90% have attached/detached 2 car garages
• Modern clubhouse with exercise room
• Concrete streets, curbs, sidewalks
• All homes 2000 or newer, vinyl windows, guttered, storage sheds that match the exterior, landscaped, shingled roofs
• Private utility system for water (well) and sewage (lagoon).
• Landlord pays for garbage
• A River runs around the park for boating/fishing
• Most homes in the park sell for $25,000-50,000, some $60,000-70,000
• 2010 INCOME/EXPENSE
• INCOME
..$801,797
• Add $20 rent increase 4/1/2011 x 206
....51,840
• Total
..$853,637
• EXPENSES
• Accounting
.$3,125
• Advertising
..7,224
• Auto
..6,341 ($12,682-2010, major rep)
• Bank charges
..368
• Casual labor
219
• Commissions
5,400
• Garbage
..18,065
• Insurance
.5,757 ($18,584-2010)
• Landscaping
.4,643
• Licenses/permits
..3,683
• Mgt. fees
.32,039
• Moving
31,425 (deleted-no longer)
• Office
6,206
• Payroll
52,065
• Payroll taxes
6,154
• Postage/Delivery
.932
• Professional fees
.324
• Property taxes
58,523
• R/M
.16,238
• School taxes
.6,765
• Supplies
8,687
• Telephone
.4,613
• Utilities
• Gas/electricity
...$22,311
• Water/sewer
.0
• Total expenses
...$269,652 (32%)
• NOI
.$593,733
• Debt Service
...$362,393
• Cash Flow ($2,350,000 down)
...$231,340
• SALES INFORMATION
• Purchase Price
$7,000,000
• Down Payment
$2,350,000 (34%)
•
• Assume existing loan
...$4,650,000 (66%)
• Existing debt: FNMA, 6.4%, 30 yr. am, originated 10/1/2008, due 10/1/2018, P&I of $30,199/mo.($4,150 principal & $26,049 interest) plus escrows of $4,907.57/mo, which includes $3,212.65 (taxes), $1,247 (insurance) and $447.92 (replacement reserve), serviced by Greystone Servicing Co., yield maintenance penalty until 6/29/2018
• Price/lot
..$32,558
• Cap Rate
8.48%
• Cash Return
..9.84%
• Leverage
.66%
• Mon, 06 Jun 2011 18:58
Property #MHP314. Request more information
• MOBILE HOME PARK
• Oklahoma
• 151 LOTS
• Price: $2,450,000
• $16,225/lot
• Location: Located 50 from Oklahoma City.
• Size: 151 lots (1 unusable - gas line)
• Age: 1978
• Land: 26.5 acres (Seller provided an easement, to the previous owner, through the park, for an undeveloped 24.5 acres, which lies adjacent to this park, to the south-can be purchased and 200+ sites added) 5.69/lots/acre
• Occupancy: 90% (15 vacancies, 4 double lots at $235, $285, $300, $315, 1 office, 1 unusable-gas line)
• Rent History: 2005 - 2008
$190
• 9/2008
.$205
• 1/2009
.$230
• 1/2011
.$255
• Competition: The reason for the recent significant rent increases is due to the comparable rents. There are approximately 900 mobile home lots in the city. Of those, 595 lots are located in 4 parks owned by ARC, in the east part of the city. The rents at these parks are $255-$271 with the tenants paying water/sewer, an effective rent of $300, still $45 less than this park. This park is in the growing section, close to a university campus, the airport, Class A retail and a Lake. The location of the ARC parks is less desireable. Rents were increased by $25 on 1/1 2011. Besides the ARC parks and this park, there are about 6 smaller parks comprising about 150 lots, most of these are in less desireable locations. There has been no new park construction in the city, and generally, in the entire state for over 30 years. THE CITY OF WILL NOT ALLOW ANY NEW PARK CONSTRUCTION BUT YOU MAY ADD SITES TO EXISTING PARKS. 24.5 ACRES ADJOINING THIS PARK CAN BE PURCHASED AND 200+ SITES BUILT BECAUSE ALL 50 ACRES WAS ORIGINALLY PLATTED AS A AMOBILE HOME PARK.
• Amenities: Large office/clubhouse. Fenced-in swimming pool ($8,500 renovations in 2010). Storm shelter
• Utilities: Landlord pays water, provided by the City and sewer,which is provided by a dissipation one-cell lagoon, which is located on and shared with (easement) the adjacent 52 lot mobile home park. Seller anticipates installing water meters in the near future. Tenants pay for the electricity and trash, provided by the City, and tenants pay gas , provided by ONG. All but 10 lots have gas service. The adjacent 52 lot MHP is 100% occupied.
• Mobile Homes: None are park-owned, all are single-wide (market is single-wide).
• R.V's: In 2010, seller adapted 16 mobile home lots to also allow use for RV, to meet the increasing demand in the city for RV's, as a result of the City, in 2010, for the first time, allowing RV's at mobile home parks. RV rent of $375 will increase future income. 3 currently rented.
• Streets: Asphalt/Concrete. $50,000 spent in 2008 for concrete streets, mainly in the intersection areas.
• Tenant Profile: Adults: 55%
• Families: 25%
• Retired: 20%
•
INCOME/EXPENSE (ACTUAL 2010)
INCOME
• Rental
.$337,554
• Late Fees
.445
• 1/1 2011 Rent increase
$37,500 (*)
• Total Income
.$375,499
EXPENSES
• Accounting
.$2,415
• Advertising
..2,985
• Auto
.2,448
• Bank Charges
..99
• Casual Labor
..1,929
• Garbage
...44
• Insurance
4,838
• Licenses/Permits
...953
• Legal
..812
• Mgt. Fees
......11,264 (3%)
• Office
..6,175 (includes WIFI for park)
• Payroll
...37,001 (mgr-$1,800/mo, maint-$1,200/mo.
• Payroll taxes
...3,028
• Postage/Delivery
.1,592
• Property Taxes
.16,509
• Repairs/Maintenance
.9,816
• Supplies
..808
• Telephone
3,388
• Utilities
..37,717 (water, elec, gas)
• Total Expenses
$147,428 (39.2%)
• NOI
$228,070
• Debt Service
..$102,129
• Cash Flow ($1,055,000 down)
..$125,941
* = $25 rent increase on 1/1/2011 x 125 revenue tenants = $37,500/yr.
• Note: 2010 expenses adjusted for 16 RV lot conversion: R/M-$5,535, payroll-$2,312, payroll taxes-$219, office-$350 and casual labor-$253. Total of $8,669. Also mgt fees adjusted to 3% of total income.
SALES INFORMATION
• Sales Price
$2,450,000
• Down Payment
$1,055,126 (43%)
• Assume Debt
...$1,394,000 (57%)
• Existing debt
..$1,394,874 (1/13/2011), 7.5%, 25 yr.am, 5 yr. term, 9/2009 start, until 9/2012, $10,495/mo. or $125,946/yr, then Wall St. prime (1/13/2011-3.25%), + 2, adjusted qrtly, until 9/2014, Bank of Camden (TN). Wall St. prime + 2 debt service is currently $8,510.82/mo. or $102,129.84/yr. Assumable
• Price/Lot
.$16,225
• Cap Rate
.9.3%
• Cash return
..12%
• Note: Buyer should be able to submeter/raise rents another $25 for at least, the next 2/3 years.
• Mon, 6 Jun 2011 14:51:34
Property #MHP312. Request more information
• MOBILE HOME PARK
• Arizona
• 164 lots (129 MH, 35 RV) 7 lots accommodate double-wides
• 55+ Community
• $395 MH Rent (increases to $410 on 7/1/2011)
• $495 RV Rent (increases to $510 on 7/1/2011)
• Tenants pay all utilities, W/S/E/T ($434.14) on MH'S
• Landlord pays utilities on RV'S
• 2 car COVERED parking space/lot
• Clubhouse/104' hot tub, 89' heated swimming pool, shuffleboard and on-site laundry
• 92% occupancy-13 vacancies on 3/13/2011 (0 MH, 8 RV, 2 POH, 3 landlord-lien, 2 employees)
• 24 notes with $34,344/yr. income
• Only park offering RV spaces in the area
• Ύ mile from a Hospital.
• A location
•
• 2010 INCOME/EXPENSES
•
• INCOME
.$698,524
• 3/1/2011 rent roll
..$732,136
• $15 rent increase on 7/1/2011 x 151
.$27,180
• Total income
.$759,316
•
• EXPENSES
• R/M
...18,355
• Insurance
6,655
• Sales tax
12,676 ($12,751 reimbursed)
• Utilities
.....97,292 ($46,433 reimbursed), includes:
• Electricity
$35,746
• Water
.22,413
• Sewer
..16,530
• Trash
....9,039
• Gas
8,619
• Telephone
.....4,945
• Pool
..2,297
• Meter reading
.4,428
• Accounting
.975
• Advertising
240
• Legal
2,558
• Consulting/contract
.16,100
• Property Taxes
.13,670
• License, dues, permits
...780
• Office
...6,793
• Interest
2,958
• Misc
.1,060
• Payroll
...31,880
• Total Expenses
$218,717 (29%)
• NOI
..$540,599
• Debt Service
$337,644 (P&I)
• Cash Flow
$202,955
• Return on cash ($2,500,000)
..8.1%
•
• SALES INFORMATION
•
• Purchase Price
.$7,200,000
•
• Down Payment
.$2,500,000 (35%)
•
• Assume Existing Debt
.$4,700,000 (65%)
•
• Existing Debt: Bank of LaJolla, 6.75%, 30 yr. amortization, $28,137/mo. or $337,644/yr., $1,655/mo. escrows, matures in 27 years
•
• Price/Lot
$43,902
•
• Cap Rate
.7.5% (8.0% with note income)
• Cash on Cash return
..8.1% (9.5% with note income)
•
• Leverage
.65%
•
• Mon, 6 Jun 2011 14:51:34
Property #MHP311. Request more information
• 3 MOBILE HOME PARK PORTFOLIO
• Oklahoma
• 326 LOTS
• 4500000
• $10,000/LOT PLUS $1,188,000 FOR 80 HOMES
• 8.982%/12.1% CAP RATE
• 10.84%/20.95% CASH RETURN
• 5.28x/4.5x COLLECTED INCOME
• 70% BANK FINANCING ASSUMABLE?
• OWNER WILL ALLOW SALE OF 2 PARKS (221) SEPERATELY FOR $3,500,000 AND THEN SELL THE OTHER (105) FOR $1,000,000
PARK 1 2010 INCOME/EXPENSE
• INCOME
.$347,853
• 1/2011 Rent roll
.....$396,664 (*)
• 1st qrt. 2011 annualized
.$408,554
• EXPENSES
• Advertising
$496
• Auto
...4,415
• Bank charges
.70
• Casual labor
.6,021
• Insurance
10,251 (**)
• Mgt fees
..17,384
• Office
1,048
• Payroll
.59,525
• Payroll taxes
.5,602
• Professional fees
..4,226
• Property taxes
13,465
• R/M
.20,202 (***)
• Taxes/licenses
.463
• Utilities
.103,185 (****)
• Total
$246,353 (60%)
• NOI
...$162,201
(*) Income does NOT include the note income of $65,984 on 19 homes
(**) Workmens comp-$3,704, prop/liability-$5,533, umbrella-$1,040
(***) 22 park-owned homes. R/M was $40,404, cut in half for home refurbish
(****) Includes water/sewer-$34,004, gas/el-$31,830, trash-$31,974, telephone-$5,375
(*****) Note: High expenses of 62% reflect management of both Park 1 and Park 2
PARK 2 2010 INCOME/EXPENSE
INCOME
..$244,911
• 12/2011 Rent roll
....$254,940 (*)
• 1st qrt 2011 annualized
...$237,532
EXPENSES
• Advertising
.$466
• Auto
2,666
• Bank charges
..52
• Casual labor
..2,848
• Insurance
...8,283 (**)
• Mgt. fees
..12,264
• Office
863
• Professional fees
...2,689
• Property taxes
..3,267
• R/M
..10,953
• Taxes/licenses
..337
• Utilities
29,780 (***)
• Total
$74,468 (31%) (****)
• NOI
.....$163,064
(*) Income does not include the $15,388/yr. note income on 6 park-owned homes
(**) Includes workmens comp-$4,583, prop/liab-$3,121, umbrella-$573
(***) Includes water/sewer-$2,008, gas/el-$20,106, trash-$6,866 and telephone-$798
(****) Lower expenses of 31% reflect managed out of Park 1, no payroll.
PARK 2 2010 INCOME/EXPENSE
• INCOME
..$187,084
• 1/2011 Rent roll
..$202,260 (*)
• 1st qrt. Income annualized
.$206,084
• EXPENSES
• Advertising
.$1,183
• Auto
...1,531
• Bank charges
.98
• Casual labor
802
• Commissions
...680
• Insurance
10,814 (**)
• Mgt fees
9,379
• Office
3,360
• Payroll
32,014
• Payroll expense
...2,937
• Professional fees
..3,771
• Property taxes
13,540
• R/M
.17,784
• Taxes/licenses
.957
• Utilities
35,823 (***)
• Total
$134,673 (67%)
• NOI
.$71,411
(*) Income does NOT include the $65,968/yr. note income on 14 park-owned homes
(**) Prop/liability-$6,226, workmens comp-$4,588
(***) Gas/el-$19,307, trash-$14,380, telephone-$2,135. No water/sewer, on lagoon/well
• SALES INFORMATION
• Sales price
$4,500,000
• Assumable financing?
$3,042,000 (68%) or new loan
• Down payment
$1,458,000 (32%)
•
• Park 1: Key bank, $1,187,175 balance, 7.28% interest,P&I of $8,210.55/mo. + $1,226.01/mo. escrows, started 12/1/2007 (1st 24 mo's were interest only), P&I started 12/1/2009, due date of 11/1/2017, 2% pre-pay till 11/12011, then none
• Park 2: One West Bank, $544,216 balance, 6.75%(floor) Interest, $3,848.13/mo. P&I + $640.57/mo. escrow, loan originated 12/1/2007, 1st 36 mo's were interest-only, P&I started 12/1/2010, 11th District COF, adjusts every 6 mo's, due date of 11/1/2037. 0.8% pre-pay till 12/1/2001, then none. 10.25% ceiling
• Park 3: Bank of America, $1,311,200 balance, 7.18% Interest, originated 11/1/2007, 4 yrs interest only until 11/1/2011, amortized at 7.18% till 11/1/2012, then LIBOR + 2 ½%, adjusts every 6 mo. Mo payment of $7,845.35 + $3,391.25/mo. escrow, due date of 10/1/2037. Prepay of 2% till 11/1/2011.
• Total debt service
..$238,848/yr.
• Price/pad
.$10,000 plus $1,188,000 for 80 homes
• Cap rate
8.82% (12.1% with note income)
• Cash return ($1,458,000)
..10.84% (20.95% w/note income)
• Gross multiplier
...5.28x (4.5x w/note income)
• NOTE: OWNER WILL ALLOW THE SALE OF PARK 1 AND 2 (221 LOTS) AND THEN HE WILL SELL THIRD PARK (105) SEPERATELY FOR $1,000,000.
• Mon, 6 Jun 2011 14:51:34
Property #MHP310. Request more information
• MOBILE HOME PARK
• Michigan
• 106 Lots
• 55+ community
• $338-346 rents (last increase of $9 on 1/1/2010)
• 99% occupancy (2 unrentable, 1 vacant)
• Landlord pays water/sewer/trash
• Built 1950's, 1970's and 1980's
• 50% shingled roofs and lap siding
• 8 notes ($14,246/yr. in note income)
• Located in a city with a population of 50,000
• Located in Western Michigan, bordering Lake Michigan
• 1 hour from the Grand Rapids
2010 INCOME/EXPENSE
INCOME
• 2010 Actual
$388,852
• Jan. 2011 rent roll
.$391,860
• Notes
...14,246
• Total
..$406,106
EXPENSES
• Accounting
$2,625
• Advertising
..1,033
• Auto/fuel
..2,694
• Insurance
.4,849
• Landscaping
..11,020
• Mgt. fees
15,388
• Office supplies
3,437
• Payroll
...20,724
• Payroll taxes
..324
• Postage/Delivery
.1,033
• Professional fees
.2,100
• R/M
13,617
• Property taxes
..41,834
• Telephone
1,493
• Garbage
..7,796
• Water/sewer
..36,714
• Gas/electric
.8,033
• Supplies
...1,066
• Moving
3,740 (delete-no longer)
• Total expenses
$179,517 NOI
...$226,589
• Debt Service
.....$156,096
• Cash Return
...$70,493
SALES INFORMATION
• Sales Price
$3,250,000
• Down Payment
.$1,150,000 (35%)
• Assume Debt
$2,100,000 (65%)
• Existing Debt: Citibank, 5.85%, 30 yr am, 30 yr. term, due 2/1/2038, $13,008/mo.
• P&I payments ($2,650 principal & $10,357 interest) plus escrows of $3,939.
• Price/lot
$30,660
• Cap rate
7%
• Cash Return
.6.1%
• Leverage
..65%
• Mon, 6 Jun 2011 14:51:34
Property #MHP309. Request more information
• MOBILE HOME PARK
• Oklahoma
• 163 lots
• Competitive parks closeby are $75 higher rent!!!
• 3+/4 star family park w/swimming pool (top 10 park in the city)
• $230 rents (last increase was $30 on 2/1/2010)
• Assume 6.03%, 30 yr am loan, due in 7 years
• No park-owned homes, notes, rentals or RV'S (all pad rent)
• 96% occupancy (7 vacant, 1 mgr, 1 office)
• 7 double-lots at $260
• Owner pays water/trash.
• Sewer is currently a 2 cell lagoon that discharges into a creek.
• Owner has had problems with the OK DEQ.
• To remedy, owner will spend approx. $100,000 to make the DISCHARGE lagoon into a RETENTION lagoon or tap into sewer
• Located in the best quadrant of the city
• Located in the #1 economy in the U.S. with just 5.2% unemployment.
•
• 2010 INCOME/EXPENSE
•
• INCOME
• Rental income
..$393,618
• Late fees
.2,065
• Add $25 rent increase x 154
...46,200
• Total income
$441,883
•
• EXPENSES
• Accounting
.$906
• Advertising
2,693
• Auto
1,536
• Insurance
...6,596
• Bank fees
.64
• Landscaping
..3,547-deleted 1 time $6,400 trash removal
• Licenses/permits
...1,290
• Mgt. fees
..19,401
• Office
.1,254
• Payroll
.29,021
• Payroll taxes
.2,285
• Professional fees
.735
• Legal fees
..1,198
• R/M
..23,609 *
• Property taxes
27,100 - should NOT increase
• Telephone
.2,632
• Utilities
...61,462 (W/S-$47,490, E-$12,929. Gas-$1,032)
• Garbage
..20,918
• Total expenses
$206,248
• NOI
.$235,635
•
• * = R/M of $47,218 cut in half, due to waste water monitoring that will not be an expense with new lagoon and no discharge, also included a $7,175 prior year tax entry.
• 1st qrt 2011 R/M is $15,000/yr. after discharge costs eliminated.
•
• SALES INFORMATION
•
•
• Sales price
$2,450,000 ($2,350,000 **)
•
• Assumable loan
.$1,250,000, 6.03%, 30 yr. am, until 2/1/2013, then 6 mo adjustments at 200 over 6 mo LIBOR, due 2/1/2018, Citibank.
•
• Price/pad
$15,030/14,417
•
• Cap rate
..9.61%/10.02%
•
• X collected income
.5.54x/5.31x
•
• ** = Price with buyer assuming the costs of the new lagoon
•
• Mon, 6 Jun 2011 14:51:34
Property #MHP308. Request more information
• MOBILE HOME PARK
• Michigan
• 403 lots
• 5 star park
• Clubhouse, swimming pool, tennis courts, concrete streets/curbs, 2 car off-street parking.
• All homes have vinyl lap siding, shingled roofs and are anchored by piers.
• Large lots, average of 55'x105'
• 85 acres with creek running through, mature trees
• Built in 1988/1998
• $340/$355 rents ($15 rent increase on 2/1/2010 and rents shown are with the $15 rent increase on 3/1/2011)
• 80% double-wide homes
• 8 models owned by the park, valued at $215,000
• 100% occupancy (1 vacancy-2/5/2011)
• Tenants pay all utilities. Landlord pays garbage. City utilities
• Located in a city with a population of 10,000
• Located 70 miles from Detroit.
• Elementary school across street, High School ½ mile
2010 INCOME/EXPENSE
INCOME
..$1,573,322
• Jan. 2011 Rent Roll
• Pad rent
$131,855
• Reimbursements
6,720
• $15 increase 3/1/2011
6,030
• Total
.$144,605
..$1,735,260
EXPENSES
• Accounting
.$3,500
• Advertising
..9,276
• Auto
..9,303
• Casual labor
199
• Equipment rental
...689
• Garbage
..29,043
• Insurance
36,751 (2011 premiums-includes health)
• Landscaping
...15,719
• Legal
550
• Licenses/permits
..1,494
• Mgt fees
..63,160
• Moving
..9,435 (deleted-no longer)
• Office
9,125
• Payroll
79,503
• Payroll taxes
7,646
• Postage/delivery
..1,726
• Professional fees
.156
• Property taxes
.166,695
• R/M
.....16,515
• School taxes
13,968
• Supplies
...10,823
• Telephone
..6,775
• Utilities
• Gas/electric
.12,049
• Water/sewer
13,519
• Total
.25,568
• Total expenses
$508,234 (30%)
• NOI
...$1,227,026
• Debt Service
$804,924
• Cash Flow
.$422,102
• Return on Cash ($4,100,000)
..10.3%
SALES INFORMATION
• Sales Price
..$15,000,000 *
• Down Payment
.$4,100,000 (27%)
• Assume Existing Debt
$10,900,000 (73%)
• Existing Debt: FNMA, 5.98%, $67,077.50/mo P&I plus $15,431.50/mo. escrows which includes $14,846.50-taxes and $930-insurance, 30 yr. am, originated 3/1/2008, due 3/1/2018.
• Price/pad
.$37,220
• Cap Rate
.8.18%
• Cash return ($4,100,000)
..10.3%
• Leverage
.73%
• * = Includes 4 homes valued at $210,000.
• Mon, 6 Jun 2011 14:51:34
Property #MHP307. Request more information
• MOBILE HOME PARK
• Indiana
• 242 lots
• $305 rent
• 12.3%/17.07% cash return
• Includes 24 homes ( $300,000) & 18 notes with $58,931/yr. income
• Family park, but 80% of tenants are 55+
• 88% occupancy (Jan. 2011-6 vacant & 24 models)
• Landlord pays trash only-tenants pay water/sewer/electric/gas
• 3 story modern brick clubhouse/office w/decks over fountained pond
• Concrete streets and curbs, heavily landscaped
• 60% homes w/peaked roof, lap siding, 25% double-wide homes
• Assumable 5.78% interest-only loan, 82% LTV, 6 yrs to run
• Located in an a city with 60,000 population.
• Locate 30 miles from Indianapolis
• The park is in the central commercial corridor, walking distance to the only shopping mall in the city.
2010 INCOME/EXPENSE
• INCOME
.$780,977
• 1/1/2011 rent increase ($13 x 213)
.33,228
• Total
.$814,205
EXPENSES
• Accounting
.$3,265
• Advertising
...1,526
• Auto/fuel
...5,623
• Insurance
28,512 (2011 premiums-includes health)
• Bank fees
.532
• Landscaping
.....5,106 (adjusted from $15,106)
• Licenses/permits
..4,175
• Mgt. fees
.31,333
• Office
5,768
• Payroll
48,420 (2 mgrs, 2 maintenance)
• Payroll taxes
4,319
• Postage/delivery
...1,263
• Professional fees
..2,352
• Legal
.8,925
• R/M
.20,106
• Property taxes
....54,860 (have added $40,000 in taxes, 95k/yr)
• Telephone
.4,854
• Water/sewer/gas/electric
...28,394
• Moving
15,715 (deleted-no longer)
• Casual labor
199
• Supplies
5,354
• Equipment rental
3,422
• Total expenses
.$ 308,308 (39%)
• NOI
.$505,987
• Debt Service
...$309,871
• Cash Flow
..$196,026
• Return on cash($1,240,000)
15.8%
• Note: Figures do NOT include $58,931 note income or 24 homes
SALES INFORMATION
• Purchase Price
$6,600,000
• Down Payment
....$1,240,000 (18%)
• Assume existing debt
..$5,360,000 (82%)
• Existing debt: $5,360,000, 5.7812% interest-only, payable $25,822/mo. or $309,871/yr plus monthly escrows for taxes ($5,000), insurance ($815.16) and reserves ($1,008.33), 7 years to run, conduit loan.
• Price/lot
$27,272
• Cap rate
..7.66% (8.55% with note income)
• Return on cash
..15.8% (20.56% with note income)
• Leverage
..82%
• Thu, 2 Jun 2011 14:22:20
Property #MHP306. Request more information
• MOBILE HOME PARK
• Michigan
• 686 lots
• 55+ community
• $400.11-$432 rent (includes $23.25-trash, security & tax)
• Rent increase of $15 on 1/1/2011 and $15 on 6/2010
• Tenants pay water/sewer
• 8.7% cap rate/14% cash return/16% down
• Built 1972 & 1999 (newer section-all doubles, large lots, higher rent)
• 300+ acres with walking trails and 5 fishing ponds
• Includes 100 acres unencumbered (currently leased for farming)
• 40% double-wide homes/Gated entry w/security guard
• Community Center (fitness center, TV, pool table, shuffleboard)
• 78% occupancy (128 lots, 26 models, 3 unusable)
• 527 tenants (includes 32 on notes and 495 homeowners)
• Sale includes 58 park-owned homes (26- inventory, 32-notes)
• Located 90 miles from Detroit, MI
• 2010 INCOME/EXPENSE
• INCOME
• 2010
..$2,670,372
• Jan. 2011 Rent Roll
• Pad
..$196,107
• Utility reimburse
17,192
• Trash, sec, tax reimburse..13,526
• Note payments
..7,528 (32 homes)
• Total
$233,818/mo.
• Total
2,805,816/yr.
• EXPENSES
• Accounting
$3,000
• Advertising
.5,926
• Auto
...12,791
• Bank charges
..3,680
• Bonus
..2,600
• Cable/Internet
1,522
• Casual labor
..767
• Commissions
.19,363
• Garbage
..3,376
• Insurance
..55,345 (2011 premiums-includes health)
• Landscaping
.12,606
• Legal
.275
• Licenses/Permits
...1,970
• Mgt fees
106,379
• Moving
.25,565 (deleted-no longer)
• Office
11,213
• Payroll
149,722
• Payroll taxes
16,314
• Postage/Delivery
...4,161
• Professional fees
..396
• Property taxes
...499,449
• R/M
..21,238
• School taxes
.18,936
• Security
35,949
• Supplies
..7,222
• Telephone
...4,495
• Utilities
..20,436 (gas/electric)
• .........................................196,406 (water/sewer)
• Total expenses
.$1,241,102 (44%)
• NOI
.$1,564,714
• Debt Service
...$1,147,800
•
• Cash flow
...$416,914
• Cash Return ($3,000,000 down)
..14%
• SALES INFORMATION
• Sales Price
$18,500,000
• Down Payment
...$3,000,000 (16%)
• Assume existing debt/New loan
..$15,500,000 *
* = Wachovia Securities (conduit), 5.7%, $95,650/mo. P&I plus $47,928 escrow includes $46,053 (taxes/insurance) and $1,875 for reserves, 30 yr. am, due on 11/11/2013. Loan #34-3000891. Loan servicer has indicated possibility of loan being paid off.
• Price/Lot
..$26,967
• Cap Rate
.8.70%
• Cash Return
.14%
• Leverage
84%
• Note: Sale includes 58 homes, 32 are on notes and 26 are inventory.
• Mon, 6 Jun 2011 14:51:34
Property #MHP305. Request more information
• MOBILE HOME PARK
• Arizona
• 104 lots (99 MH, 5 RV)
• 55+ snowbird community
• 100% occupancy
• 10 acres
• Rent: $296.05-MH, $290.94-RV as of 4/1/2011, includes tax
• Landlord pays water (city)/sewer (septic)/trash (low utility expense-snowbird park)
• Tenants pay electric & gas (natural)
• Very clean, manicured landscaping
• Tremendous upside on rents-park full for many years
• Snowbird park-full in winter, 1/3 full in summer, but all pay rent, just not always occupying
• Method of payment: mo (54), bi-annual (37), annual (12)
• Assume a 6% interest-only note due in 7 years
2010 INCOME/EXPENSE
• INCOME
..$309,069
• Add $15 rent increase 4/1/2011
...$18,540
• Total income
$327,609
EXPENSES
• R/M
..$7,149
• Sales taxes
.6,535
• Utilities
• El
..$5,511
• Tel
..2,284
• Gas
905
• Water
.9,141
• Trash
..3,617
• Total
...$21,458
• Advertising
.71
• Landscaping
..2,021
• Bank charges
1,250
• Consulting
.9,173
• Accounting
2,471
• Licenses/permits
88
• Office
.3,835
• Legal
.248
• Payroll
.12,088
• Insurance
..1,664
• Property taxes
..7,071
• Total
$75,122 (23%)
• NOI
..$252,487
• Debt Service
$120,780
• Cash flow
.$131,707
SALES INFORMATION
• Sales price
$3,800,000
• Down payment
....$1,787,000 (47%)
• Assume debt
$2,013,000 (53%)
• Existing Debt: Private (previous owner), 6% interest-only, due in 7 years, $10,065/mo. or $120,780/yr. interest payments.
• This loan may not be assumable, but owners were quoted $2,050,000, GE Capital, 6%, non-recourse, due in 10 years.
• Price/lot
.$36,538
• Cap rate
..6.65%
• Cash return
7.37%
• Leverage
..54%
• Mon, 6 Jun 2011 14:51:34
Property #MHP304. Request more information
• Mobile Home Park
• Arizona
• Price:$845,000
• Net Operating Income $82,218.50
• No. Spaces: 32
• Cap Rate: 9.73%
• Land: 1.89 acres
• Proven cash flow, affordable living is always in demand.
• This Tucson park is easy to own & operate with stable occupancy.
• Cash flow is predictable because the park is an affordable and in an infill location.
• At only $26,400 this is a terrific value.
• On city water and sewer this park is direct billed for both gas and electric.
• The tenants are metered and billed for water as well as for trash and sewer.
• The park is strait forward consisting of 32 units, 28 mobile home spaces, 2 small SFR' s (to the side of the park) and a duplex (in the middle of the park).
• Tenants pay their rent at this park and there is always a demand for simple low income hosing.
• This park is a perfect opportunity for an investor seeking a solid, stable, verified return on their investment.
• Mobile home parks of this size in this part of Tucson do not come to the market very often.
• There is an additional 8 mobile home loans totaling $22,491 with payments of $1,525 per month not factored in the park value or cap rate.
• Please do not contact or disturb tenants or manager.
• All visits must be approved by listing brokers prior to visit.
• Date: 3 Jun 2011 09:11:28
Property #MHP303. Request more information
• Oklahoma Mobile Home Parks
• On May 31, 2011, Oklahoma City has the lowest unemployment rate in the US, at 4.5%.
• This follows recent news designating Oklahoma City as:
• #1 entrepreneurial city in the US
• #1 business start-up city in the US
• top 5 fastest growing cities in the US
• Forbes Magazines most recession-proof city in the US
• #1 increase in residential home values in US
• New NBA basketball team, the OKC Thunder, 3 years ago
• Only major skyscraper to be started in 2009 in the US, the $750,000, 2,500,000', 50 story Devon Tower, to be completed early 2012
• We have 17 mobile home parks for sale across the US (Phoenix/St. Louis/Indianapolis/Michigan) including 5 in OK
• 1) $4,450,000 326 pad/80 home area 3 park portfolio for $10,000/pad
• 2) 163 pad for $14,000/pad and
• 3) 151 pad for $16,000/pad.
• Let us know if you would like any information or to discuss the purchase of any of these parks.
• Thu, 2 Jun 2011 14:22:20
Property #MHP302. Request more information
• Modern RV Resort
• California
• Built 1990's to 2005
• $1,850,000 101 New Modern Spaces
• Solid Vistor Base / Income
• Can't be built for this price!
• Perfect Condition, ready to operate
• Reoccurring Monthly Cash Flow!
• Modern 101 Large, full hookup RV spaces, built 1996, 1999 and 2005 making this one of newer parks in California.
• Great location close to freeways and shopping.
• 80% of revenue is generating by long term stays and utility re-imbursements.
• A new owner can capitalize on increasing daily and weekly income while maintaining existing monthly revenue.
• The park is on all city water and sewer.
• There are 65 large 60ft pull thru sites that are loved by RV'ers .
• The park has a complete amenity package with a managers 2bd/2ba apartment, office, restrooms, WIFI, small store and workout room.
• Revenue has stayed fairly consistent in 2008, 2009 and 2010 despite the downturn in the economy.
• In fact 2008 saw higher gross revenue than 2010 despite the record gas prices during the 2nd half of 2008.
• RV'ers have invested quite a bit of money in their rigs and they are going continue using them even with gas prices topping $4.00 per gallon.
• Other sacrifices will be made or trips will be modified, but they still put their rigs out on the road.
• This a great opportunity to purchase a new RV park with no deferred maintenance, a stable monthly tenant base and the ability to drastically increase the daily and weekly revenue potential.
• Date: 2 Jun 2011 10:01
Property #MHP301. Request more information
• Destination Park - Annual Vacation Rentals
• California
• $1,750,000 85 Spaces (Most Annual)
• Possible 25% Down With Seller Carry
• Permanent vacation rental spaces produce a stable 12 month revenue stream even though its mostly summer use.
• Possible seller financing customary lending guild lines.
• 42 tenants pay an annual rate of $3,000 to $3,900 per year.
• New annual tenants start at $3,500 + utilities. Monthly tenants pay $450 plus sum-metered for electric, trash and cable.
• Of the 85 spaces, only 12 spaces are available for short term RV occupancy (the rest are monthly/yearly).
• Rental rates are $450 per month, $245 per week and $45 daily, tent sites at $24 per night.
• This RV park operates more like a mobile home park with summer vacation homes.
• Long term occupancy and utility pass- thru's account for over 80% of the gross income.
• Summertime RV revenue and Cabin rental is only 12% of the total gross income.
• A spacious 1,700 SF 3 bedroom 2 bath unit is included in the sale which would be perfect for a new owner or manager.
• Families, groups and individuals have been coming to this park for many years.
• There is some winter RV business catering to skiers visiting nearby but the majority of business is conducted Memorial Day to Labor Day.
• Seller will consider financing for a qualified buyer with a minimum of 25% down.
• Rate and terms to be negotiated and will be based upon buyers experience and credit worthiness.
• Only 2 Hours to SF Bay Area
• 50% Perm Vacation Rentals
• Destination Location
• Great Value for Owner User or Investor
• Date: 2 Jun 2011 09:58:32
# MHP301
NEW ON MARKET
Oklahoma
163 pad clean MHP
NOI: $235,635
Sales price: $2,450,000 (with buyer assuming the costs of the new lagoon)
Assumable loan: $1,250,000, 6.03%, 30 yr. am, until 2/1/2013, then 6 mo adjustments at 200 over 6 mo LIBOR, due 2/1/2018, Citibank.
Price/pad: $15,030 / $14,417
Cap rate: 9.61% / 10.02%
X collected income: 5.54x / 5.31x
$14,000/pad
10% cap
$75 under market
All pad rent, no park-owned homes, notes, rentals or RVS.
1 block from Lake in the best sector of the city
The #1 economy in the U.S.
Competitive parks close by are $75 higher rent!!!
3+/4 star family park w/swimming pool (top 10 park in OKC)
$230 rents (last increase was $30 on 2/1/2010)
Assume 6.03%, 30 yr am loan, due in 7 years
No park-owned homes, notes, rentals or RV'S (all pad rent)
96% occupancy (7 vacant, 1 mgr, 1 office)
7 double-lots at $260
Owner pays water/trash. Sewer is currently a 2 cell lagoon that discharges into a creek. Owner has had problems with the OK DEQ. To remedy, owner will spend approx. $100,000 to make the DISCHARGE lagoon into a RETENTION lagoon.
Fri, 13 May 2011 16:59:56
# MHP300
3 MHP Portfolio
Oklahoma
4500000
326 PADS
$10,000/pad plus you buy the 80 homes (39 notes and 41 rentals) for $1,188,000.
Note income is $150,000/yr.
8.82% / 12.1% cap
10.84% / 20.95% cash return
4.5x / 5.8x collected income
67 RV'S (20%).
Owner will separate 2 parks in one city for $3,500,000, they are both on city water/sewer.
This represents an opportunity to acquire a sizeable package of parks in OKC area
The #1 economy in the U.S.
Tue, 10 May 2011 11:29:47
# MHP299
Alabama Mobile Home Park
12 from Birmingham, Alabama
Contains two parcels:
Around 20,000 SQFT of commercial lot including a retail/office building with storage/restroom, which is recently rented out
Around 20 acres of multi-residential land with 66 usable lots and currently 56 of them are occupied
4 storage buildings
Owner selling it because they need some funds for another real estate project
Owned since 2005
The MHP was appraised and purchased at the price of $950K back in 2005
Lots of improvements done in the past 6 years
Recently we spent $25K putting brand new paved road for this MHP.
The revenue is up by 25-30% after rent adjustment made for 2008, 2009 and recently this year.
The list price is $1,210,000, and it is negotiable.
Currently the owners have a office manager and a on-site landscaper/supervisor, and
they are all part-time with the charge of around only $1100 total per month
The MHP has an assumable existing loan of around $400K (the interest rate is 6.37%, and the mortgage is around $2600/month for interest/premium, $300/month for property tax and $200/month insurance)
The owner can provide owner-refinance as well.
The rent has been adjusted to around $245 per month for each tenant starting on May, 2011
Sat, 7 May 2011 17:28:03
# MHP298 Mobile Home Park - Tennessee
Seller to Guaranty Occupancy for 1 year
Possible Seller Financing
Motivated Seller, Make Offer
Great location, easily accessible with a growing population
Lots of upside potential
WTPSat, 23 Apr 2011 21:33:23
# MHP297 ARIZONA (all in the Phoenix area):
1. 164 Spaces...............................$7,200,000
2. 103 Spaces...............................$3,600,000
3. 82 Spaces................................$4,300,000
4. 78 Spaces................................$3,400,000
OKLAHOMA
1. OKC 3 park portfolio (326 Spaces)........$4,450,000
2. 151 Spaces.................................$2,450,000
MISSOURI (St. Louis suburbs)
1. 153 Spaces...............................$3,900,000
2. 125 Spaces...............................$4,200,000
3. 121 Spaces...............................$4,050,000
MICHIGAN
1. 106 Spaces..............................$3,250,000
UNDER CONTRACT
MICHIGAN
1. 303 Spaces................................$11,650,000
2. 686 Spaces................................$18,500,000
3. 403 Spaces.................................$15,000,000
4. 215 Spaces.................................$7,000,000
INDIANA
1. Spaces 242.................................$6,600,000
OKLAHOMA
1. OKC 3 parks 285 Spaces ...................$2,850,000
2. OKC 2 parks 87 Spaces ....................$975,000
Tue, 26 Apr 2011 02:02:29 -0400
Contact
Que Martyn
Office Phone: (808)-298-0639
Email: qmartyn (at) gmail (dot) com
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.