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Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 12.0%
- Listing ID: 102455
- Posted On: Aug 12, 2011
- Updated On: Dec 11, 2023
Description
32 Site mobile home community, great investment opportunity. 100% occupied. City water and Sewer (Ind metered) park still pays for water and sewer. Seller is motivated!!!!!!!! LOAN IS ASSUMABLE (WITH 20 TO 25% DOWN) !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $325 |
Financial Information (Actual)
| Gross Income: | $124,800 |
| Operating Expense: | $54,000 |
| Net Operating Income: | $70,800 |
| Expense Ratio: | 43.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
