Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 1253448
- Posted On: May 8, 2020
- Updated On: Aug 31, 2020
Description
15 sites with 12 homes owned by park,selling with 3 bedroom ranch home &26 x 40 garage. park roadways & parking areas are asphalt,newly resurfaced ! 28x64 ft. pole building which has 14x24 ft. water treatment and control area Selling with or with out house750000 with ,550000 without. Property is well cared for!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1994 |
| Average MH Lot Rent: | $310,650 |
| Size: | 20 acre(s) |
Financial Information
| Gross Income: | $100,200 |
| Operating Expense: | $34,000 |
| Net Operating Income: | $66,000 |
| Expense Ratio: | 33.9 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 15 |
| Triplewide Lots: | 12 |
Utility Information
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $650 |
