Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 1005687
- Posted On: Nov 6, 2018
- Updated On: Jan 23, 2019
Description
The Park is licensed for 35 Sites and approved for 76 Sites which 17 Sites have approvals in place and the roads are developed with underground utilities. It is situated on 33.30 acres, and it was developed in 1980. The park is serviced with town sewer and private well. Private Paved Roads throughout the park. There are 5 Owned Homes included with the sale. So Much Potential!!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $325 |
| Size: | 33 acre(s) |
Financial Information
| Gross Income: | $117,765 |
| Operating Expense: | $37,606 |
| Net Operating Income: | $80,158 |
| Expense Ratio: | 31.9 % |
Lot Information
| Singlewide Lots: | 30 |
| Doublewide Lots: | 5 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $325 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $725 |
