Park for sale with Great terms


#1

I have a park for sale, it is called Moon MHP, 97 Spaces, 36 Acres, About 20 to 30 minutes outside Little Rock Ar, in a town called Cabot. The park was developed in 1996, Here are the terms 600,000.00 down with an NOI of 165,000.00 thats about 27.5% cash on cash return. No payments & no interest for 1 year, then 550,000.00 due, then No payments & no interest for another year, then the balance of 500,000.00 due . there are 54 homes in place now including the managers doublewide ( the current management would like to stay on ) 35 park owned homes with 100% occupancy with a waiting list. Indivdual metered electric, The city pays for the street lights, upside potential also… If interested you can call me direct at 909-633-5405


#2

Paul,

Is the sales price $1.65M? How much of the gross income is based on rental home income?

Steve


#3

Hi Steve,

Yes, ( Sorry I forgot the price ) it is $1,650,000.00.

I will have the other info in a few days and post it.

Paul