Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1194754
- Posted On: Feb 25, 2020
- Updated On: Jul 17, 2020
Description
Fully occupied park in North East Iowa with tenants paying all of their own utilities, All trailers are on city utilities. Little deferred maintenance throughout the park, on site handyman, and upward potential in lot rents.
Net Income listed does not include income brought back in from tenant utility bill back. Additional financials are available upon request.
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Park Information
| Number of MH Lots: | 33 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $165 |
Financial Information (Actual)
| Gross Income: | $106,721 |
| Operating Expense: | $55,785 |
| Net Operating Income: | $50,936 |
| Expense Ratio: | 52.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $465 |
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