Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.0%
- Listing ID: 113970
- Posted On: Jan 26, 2012
- Updated On: Oct 22, 2013
Description
Country park on approximately 11acres with 35 homes and one rental house.
Park potential is 48 lots. No mineral rights.
Owner financing available.
Location
Rural setting
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 94.0 % |
| Average MH Lot Rent: | $245 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $105 |
| Operating Expense: | $40 |
| Net Operating Income: | $65 |
| Expense Ratio: | 38.1 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $245 |
