Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1189774
- Posted On: Feb 12, 2020
- Updated On: Jun 1, 2020
Description
2231 Holland Street is a 10 pad mobile home park 5 minutes from downtown Columbia. Eight lot rentals and two park owned homes. Public water and sewer. Additional building on corner has new roof and windows. The building has multiple possibilities: can be converted to single family or used as commercial space – generating an additional $2,000 per month. Park owned homes are well kept and have virtually no deferred maintenance. Park is professionally managed, all tenants are rigorously screened.
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Park Information
Number of MH Lots: | 10 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $245 |
Size: | 1 acre(s) |
Financial Information (Actual)
Gross Income: | $37,570 |
Operating Expense: | $6,855 |
Net Operating Income: | $30,715 |
Expense Ratio: | 18.2 % |
Lot Information
Singlewide Lots: | 10 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $600 |