Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.5%
- Listing ID: 1155723
- Posted On: Nov 11, 2019
- Updated On: Feb 10, 2020
Description
32 Mobile Homes on approx 60 Acres! 100% occupied sprawling over 60 acres with plenty of room to expand. Smooth asphalt roads throughout. Each of the 32 mobile homes have their own electric meter, water meter and aerobic septic system. Super low taxes and expenses.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2010 |
| Average MH Lot Rent: | $625 |
| Size: | 60 acre(s) |
Financial Information (Actual)
| Gross Income: | $200,000 |
| Operating Expense: | $34,000 |
| Net Operating Income: | $166,000 |
| Expense Ratio: | 17.0 % |
Lot Information
| Doublewide Lots: | 33 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
