36 Family Mobile Home Park
Location Virginia,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $186450
Net Profit / Cash Flow $170000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1960
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Another mobile home park investment.
Description McMillan Mobile Home Park For Sale.
4525 Bainbridge Blvd.
Chesapeake, Va 23320
Contact Tommy McMillan
Phone: 757-409-6857
Property description: 5.50 acres. $2,450,000; Zoning B-12 general business
A: 36 family Mobile Home Park. City water metered; city sewer; 200 amp service
B: 1,600 sq. ft. building; build 2003. Currently leased as a daycare center at $1,500 per month
Income: $186,450 per year; lot rent currently $390 per month; building $1,500 per month.
Current Yearly expenses: Taxes $11,500; water-paid by tenant; insurance- $1,200; Electricity- $575; Stormwater- $12,500.
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