Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1256046
- Posted On: May 14, 2020
- Updated On: Dec 30, 2021
Description
27-space mobile home park - 85% occupied! 11 park-owned homes.
The park is set over 3 acres and is aptly named Three-Acre Trailer Court.
City Water, Electric & Trash; Septic Sewer. All utilities are sub-metered & directly billed to the tenants; owner pays for trash & electric on vacant units; no gas.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 85.0 % |
| Average MH Lot Rent: | $160 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $59,400 |
| Operating Expense: | $20,790 |
| Net Operating Income: | $38,610 |
| Expense Ratio: | 35.0 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $400 |
