Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 19984
  • Posted On: Mar 4, 2011
  • Updated On: Dec 11, 2023

Description

This a beautiful community located in the "Treasure of Colorado" all but five spaces are occupied and of those three are park owned homes undergoing renovation. They have recently worked out a deal with the city on them taking over sewer billing so this 23,000 dollar a year expense will end as of March 1 2011. Another great feature is the roads are owned and maintained by the city and each unit is individually metered for electric that is billed by the electric company not the park. This a great community with very little respondsibility if you are looking for a turn key opprotunity THIS IS AA GREAT INVESTMENT!! Emloyment is plentyful dont miss this opprotunity. Call for any additional information. If you are a pilot there is an airfield near by!

Location

Northeastern Colorado

Amenities

  • Storage
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 112
Total Occupancy: 95.0 %
Year Built: 1972
Average MH Lot Rent: $235

Financial Information (Actual)

Gross Income: $303,000
Operating Expense: $73,000
Net Operating Income: $230,000
Expense Ratio: 24.1 %

Lot Information

Singlewide Lots: 112

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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