14-unit Mobile Home - $425K

[Wayne Mack]

Hi Everyone,

One of the clients I do bookkeeping for is selling a 15 unit mobile home park he owns for $425K. 

The numbers are as follows:

Asking: $425,000

Income: $7,100/mo. ($400-$550 Per unit)

Electricity - $290/mo avg

Misc: $100/mo.

Taxes: $930/mo.

Insurance: $195/mo.

Maint: $450/mo

Waste: $205/mo.

The owner does not own any of the units. One unit is rent free because the tenant collects the rent and does the maintenance. All numbers involved I can confirm as I am the accountant for this property. Please feel free to contact me if interested. Owner wants a quick sale, mortgage company is ready to close

Thanks