Mobile Home Park Details
- Cap Rate: 0.1%
- Listing ID: 1220227
- Posted On: Mar 1, 2020
- Updated On: Mar 1, 2021
Description
10.5 commercial acres with 11 units, all park owned. There are 11 lots and 1 unfinished lot. All units are leased on a weekly basis, and all units are leased. All units are 2 bedroom 1 bath and comes with a range and refrigerator, and are in good conditions. 3 units have individual septic systems, and there are 4 more septic systems with 2 units on each system.
Location
Hwy. 31A and Hwy 64 in Lewisburg Tn. Approximately 4 miles from downtown Lewisburg, and 10 minutes from Henry Horton State Park.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Year Built: | 19921995 |
| Average MH Lot Rent: | $180 |
| Size: | 11 acre(s) |
Financial Information
| Gross Income: | $100,000 |
| Operating Expense: | $26,500 |
| Net Operating Income: | $73,500 |
| Expense Ratio: | 26.5 % |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $180 |