Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 9.0%
- Listing ID: 72815
- Posted On: Jun 25, 2011
- Updated On: Nov 6, 2013
Description
one 1 acre aprox.always full 12 spaces could be a couple more. 5 fulltime rv sites the others are park owned manufactuered homes .water and sewer are city services paid buy court taxes are cheap ins is low great deal for smaller investor or someone thats needs a 1031! call owner lonnie 503-585-1184.Price drop 5-4-2013 price reduced from 575000 to 395000 cash Last chance befor it goes to realator.a new cedar fence has been added to the south property line!
Location
conveinant location could possibly be resoned for store or car lot what ever !with todays interest rates this is a cassh cow thanks for looking
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $600 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $72,000 |
| Operating Expense: | $12,800 |
| Net Operating Income: | $50,000 |
| Expense Ratio: | 17.8 % |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 2 |
| Park Model Lots: | 1 |
RV Information
| Number of RV Lots: | 5 |
| Average RV Lot Rent: | $290 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $600 |