Business For Sale Listing 142099
19 Mobile Home Park Lots
Status as of Nov-22-2008 at 06:02 PM: Off The Market
Business Summary
Seller owns 19 mobile home park lots that are all individually titled. Lots are all located in a mobile home park development. Seller rents the individual lots. Currently 18 of the 19 lots are rented. Seller has just raised the rental rates as his rates were well below current market rates. There is still room to raise the rates even more.
Lots are located in a very large, fast growing suburb city just a very few miles and a few minutes from Baton Rouge, La. The city is a great place to live and raise a family. City has an outstanding public school system which helps make these rental lots very desirable. All lots have city water and city sewer paid for by tenants. Seller has a property manager that oversees the lots and collects the rents. Manager works for 10% of gross revenue collected.
Seller will thoroughly train new owner on this very easy to own and operate business. This is an ideal investment opportunity for the individual that wants to be an absentee owner. It would also be ideal for the mom with young children or the semi-retired. Seller is motivated to sell and open to offers. Affordable rental opportunities like these are hard to find. This one won’t last long. Come see, make offer.
Categories
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Industry
Location
Financials
| Sales: |
Under $100 Thousand ($35,000) |
| Profits: |
Under $100 Thousand ($25,000) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($250,000) |
