Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.4%
- Listing ID: 1098572
- Posted On: Jun 25, 2019
- Updated On: Sep 24, 2019
Description
12 unit mobile home investment property with the abilty to add 17 more homes to existing cleared land. City water and trash pick up twice per week, private sewer plant. Approvals and plot plans approved by city for additional development...Road and underground electrical in place ready to serve. No flood issues, all park owned, concrete drive, walkway, pads. All well mantained, fully occupied. Great Investment. 11.0+ cap rate today prior to adding 17 additional homes. Interested Call 225-367-7397
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Park Information
Community Type: | All Age |
Number of MH Lots: | 12 |
Total Occupancy: | 100.0 % |
Year Built: | 2005 |
Average MH Lot Rent: | $625 |
Size: | 7 acre(s) |
Financial Information
Gross Income: | $90 |
Operating Expense: | $11 |
Net Operating Income: | $78 |
Expense Ratio: | 12.2 % |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Treatment Plant |