PAX MOBILE HOMES
Pax Realty – Joyce June, Real Estate Broker
licensed in NY, SC and NC
253 East Third St, Corning NY 14830
paxrealty@
315-781-1008 cell phone
HOTSHEET – 12/18/15
Happy Holidays! I appreciate my loyal clients and I look forward to selling you a park in 2016. I hope the new year brings you much joy, peace, balance and harmony!
near Saratoga NY – 39 lots with 20 occupied at 340/mo – 6 are rented park owned homes (850/mo = 340 for the lot + 510 for the home) – 4 lots are ready for homes and 15 lots need to be developed – all water lines are in – some septics are needed - gross income is about 10,000/mo – public water (tenants pay) – septics – natural gas – property is assessed for 1.1M – bank’s appraisal came in at 750,000 – distressed sale – no financial records are available – 6 homes (2000 or newer Pine Grove homes) are included + 1 mortgage – assuming 40% for expenses (industry standard), the net income is about 700,000/yr – you need to hire me as a buyer’s agent and I’ll take all offers to the appropriate parties
Investors, developers and REITs: I’m cobroking on 41 acres in New York State – fully approved subdivision – 32 lots have final approval in phase 1 and 36 lots have preliminary approval in phase 2 - public water and public sewers need to be brought in from the road before any individual lots can be sold – natural gas is available – across from a lake and near a college(baby boomers would love this location) - they’re asking 690,000 – seller/developer was a home builder and has changed to commercial – town is not fond of mobile home parks
Pax Realty listing (I’m a seller’s agent on this one): Cayuga County – Brookside Mobile Home Park – 688 Old Genoa Rd, Locke NY – 12 lots on 8.5 acres – 6 park owned homes (sell to tenants and hold the notes … most rent for 750/mo) - $4,700/mo gross rents – well/septics – only about a half hour from Ithaca NY - $375,000
Myrtle Beach SC – mobile home park – 20 minutes from the ocean – 53 lots on 35 acres – mature pine trees and a pond – currently about 36 park owned homes (sell to the tenants and hold the notes) – public water/septics, but public sewers are at the road –– gross annual income is approximately 300,660 – 1.9M
PA – 1.1M – 51 lots with 39 occupied – 26 are park owned homes – public water/sewers – natural gas – 30 acres – owner financing with 275,000 down – 25 yr amort with 5 yr balloon – 5.5% interest – Fayette County – I’m not licensed in PA, but I’m working with the owner and he will pay my referral fee on this one – email me and I’ll give you his direct contact information
Hawaii – Diamondhead – spectacular residential home – 4.9M
If you’ve bought a park from me and you’re ready to buy homes to fill up your vacant lots, let me know how many you need.
If you’re buying or selling a mobile home park or a prime commercial property, contact me.
List your park with me before 12/31/15 and I’ll list it at a 4% commission (buyer pays his real estate agent. If you have more than 100 approved lots, I’ll list it at a 3% commission (6 month listing contract required).
I’ve sold more than 60 parks in the last twenty years. I know what works and what doesn’t work. My tips can save you thousands!
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