Photo of Community
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 6.9%
- Listing ID: 15465
- Posted On: Aug 17, 2010
- Updated On: Mar 3, 2012
Description
NEW PRICE!!!!
5-star community with water frontage on the northern Oregon
Coast. MHC has pit-set homes with attached garages. It
doesn't get any better in terms of quality.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 42 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $380 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $332,138 |
| Operating Expense: | $99,733 |
| Net Operating Income: | $232,405 |
| Expense Ratio: | 30.0 % |
| Debt Info: | 6% interest, 60% LTV |
Lot Information
| Doublewide Lots: | 38 |
| Triplewide Lots: | 4 |
RV Information
| Number of RV Lots: | 24 |
| Average RV Lot Rent: | $375 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $0 |