Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 14.0%
- Listing ID: 1183376
- Posted On: Jan 26, 2020
- Updated On: Apr 27, 2020
Description
46 ACRES
54 RENTAL MOBILES, 3 OF WHICH ARE UNREPAIRABLE
ALL MOBILE HOMES REMODELED IN LAST YEAR
83 FULLY DEVELOPED LOTS
WELL MAINTAINED.
Location
COUNTRYLIKE SETTING, DOUBLE SIZE LOTS
Amenities
- Storage
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Park Information
| Number of MH Lots: | 83 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $220 |
| Size: | 46 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $375,000 |
| Operating Expense: | $135,700 |
| Net Operating Income: | $240,000 |
| Expense Ratio: | 36.2 % |
| Debt Info: | NONE |
Lot Information
| Doublewide Lots: | 83 |
| Triplewide Lots: | 83 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $220 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 54 |
| Average Rent for Park-owned Homes: | $575 |
