Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 1259350
- Posted On: May 21, 2020
- Updated On: Nov 12, 2020
Description
All age community on 5 acres. 28 pads 8 trailers owned.
80% occupancy. Stable tenants
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Park Information
| Number of MH Lots: | 28 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1991 |
| Average MH Lot Rent: | $200 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $50,460 |
| Operating Expense: | $21,328 |
| Net Operating Income: | $29,132 |
| Expense Ratio: | 42.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
