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.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |