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
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
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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 10.0%
  • Listing ID: 1080685
  • Posted On: May 12, 2019
  • Updated On: Aug 23, 2019

Description

This community is situated in a quiet, residential area has 38 MH/RV units, a two unit apartment building and 4 vacant sites. There are 15 rental homes with rents up to $870, 2 apartments renting for $375 - $675 and 19 site rents from $216 to $385 per month. The park enjoys a high rate of occupancy with many long term residents. Solid investment with solid returns. The park utilities include well and septic.

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Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 90.0 %
Year Built: 1967
Average MH Lot Rent: $407
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income: $182,865
Operating Expense: $62,088
Net Operating Income: $120,777
Expense Ratio: 34.0 %

Lot Information

Singlewide Lots: 38

RV Information

Average RV Lot Rent: $407

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $666

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