Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.7%
- Listing ID: 1068951
- Posted On: May 1, 2019
- Updated On: Jul 23, 2019
Description
This is a set of properties in Simla, CO which includes 6 Mobile homes that have been renovated and are rented. This also includes 2 stick built homes! One lot has a 2 bed 1 bath home with 2 mobiles and the second lot has a 3 bed 1 bath 2-story home with 4 mobiles. These are both owned by the same owner and are on opposite sides of the block from one another which makes management easy! The rent rolls show a gross profit for 2018 as $64,488.15. This are also 4 additional lots with water and power hook ups. There is a 10 unit storage unit that is being rented to tenants from $25-$45 per month depending on size of unit.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Number of MH Lots: | 9 |
Total Occupancy: | 88.0 % |
Average MH Lot Rent: | $0 |
Size: | 1 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $74,640 |
Operating Expense: | $6,724 |
Net Operating Income: | $67,915 |
Expense Ratio: | 9.0 % |
Lot Information
Singlewide Lots: | 9 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 8 |
Average Rent for Park-owned Homes: | $790 |