After reading some of these posts, I understand brokers are somewhat frowned upon, but I’m posting this where the investors are:
Just listed in Black River Falls, WI:
-43 unit mobile home park, 100% occupancy
-39 units privately owned, 4 owned by the Sellers (included in purchase)
-2 of those 4 are currently under land contract.
-Land area: Approximately 5.89 acres within city limits.
-Monthly rents are $220.00 per unit, which includes water/sewer. Electric and gas are metered seperately.
-All homes are 100 amp service, per Seller.
-Seller is responsible for all road maintenance and water/sewer breaks.
-There is no owner financing or assumable financing offered at this time.
-There is no onsite manager.
-Purchase price is $350,000 or $ 8139 per pad.
-Monthly expenses are:
Insurance: $125
Parking Tax: $733
Electric: $20.00 for security lights
Garbage: $250-$300
Plowing: $150.00 budgeted per month
Water/Sewer: $1200-$1600
Yearly Expenses:
State Operating License: $400.00
Property Taxes: $10,667.81
Sellers health is very bad and they need to sell before he passes. Price reflects a fast sale.