Contact Information
Dominic Bologna
Mobile Home Park Details
- Price: $1,750,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.8%
- Listing ID: 5730791
- Posted On: May 16, 2024
- Updated On: May 23, 2024
Description
Hartford MSA MHP. 51 pads. Single family home prices are 400k+
Below Market rents.
City utilities. Park pays for water, but you can submeter to add 24k to your yearly P/l.
Please reach out for financials if interested.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 51 |
| Total Occupancy: | 53.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $475 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $124,000 |
| Operating Expense: | $37,500 |
| Net Operating Income: | $86,500 |
| Expense Ratio: | 30.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |