Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5% (Actual)
- Listing ID: 1188710
- Posted On: Feb 9, 2020
- Updated On: May 4, 2020
Description
28 Lot MH Park on 23.73 acres. All lots improved with Well and Septic
Location
I-26 W take Exit 145 right on 601, right on Landfill Rd. Left on Fake Ln, you have arrived
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 28 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1984 |
| Average MH Lot Rent: | $650 |
| Size: | 24 acre(s) |
Financial Information (Actual)
| Gross Income: | $155,000 |
| Operating Expense: | $45,800 |
| Net Operating Income: | $109,200 |
| Expense Ratio: | 29.5 % |
| Debt Info: | N/A |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 9 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 20 |
| Average Rent for Park-owned Homes: | $650 |
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