Photo of Multi Family Housing
Photo of Manufactured Home Community
Highway 83 Frontage
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.5%
- Listing ID: 102396
- Posted On: Aug 11, 2011
- Updated On: Aug 19, 2013
Description
7+ acres located on Highway 83 and Kansas City Road (this makes this very desirable land) with ~85 spaces. Included in this purchase are ~70 homes. Hurry this won't last long at this price.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 80 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $170 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $250,000 |
| Operating Expense: | $125,000 |
| Net Operating Income: | $0 |
| Expense Ratio: | 50.0 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 68 |
| Doublewide Lots: | 2 |
| Park Model Lots: | 2 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $150 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 70 |
| Average Rent for Park-owned Homes: | $250 |