Mobile Home Park Details
- Cap Rate: 6.0%
- Listing ID: 1193227
- Posted On: Feb 23, 2020
- Updated On: Mar 16, 2020
Description
Mobile Home Park sitting on 5+ acres with 21 lots and 2.5 additional acres for possible expansion , currently there are 4 homes tenant owned, tenant pays $275 month lot rent , all others have been removed, sellers were planning to update the park, however they have had a change of plans therefore the park is operating on 4 tenant owned homes. This is a great investment opportunity for the right person! Lots of potential
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 21 |
| Total Occupancy: | 19.0 % |
| Average MH Lot Rent: | $275 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $13,200 |
| Operating Expense: | $4,125 |
| Net Operating Income: | $9,075 |
| Expense Ratio: | 31.2 % |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $450 |
