Mobile Home Park Details
- Cap Rate: 12.3%
- Listing ID: 1189580
- Posted On: Feb 10, 2020
- Updated On: May 14, 2020
Description
*Long term family owned property
*13% cap rate
*City water
*On-site management
*Turn key operation
Location
Located outside of Bennington, VT
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $420 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $105,420 |
| Operating Expense: | $32,153 |
| Net Operating Income: | $73,267 |
| Expense Ratio: | 30.5 % |
Lot Information
| Doublewide Lots: | 16 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $650 |
