Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.7%
- Listing ID: 1237790
- Posted On: Apr 2, 2020
- Updated On: Oct 1, 2020
Description
Income producing mobile home park with large amount of upside potential. Currently the property has 8 owner occupied trailers and there are 8 others on site in need of repairs. On site lawn and snow care. Owner pays for water, sewer, and trash. See attached property flyer for more information.
Property may also be purchased with two other parks, contact broker for details.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1963 |
| Average MH Lot Rent: | $265 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $23,974 |
| Operating Expense: | $15,362 |
| Net Operating Income: | $8,612 |
| Expense Ratio: | 64.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
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