Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1274065
- Posted On: Jun 18, 2020
- Updated On: Dec 23, 2020
Description
Arkansas City MHP is in Arkansas City, Kansas and has 20 pad sites with 14 currently rented (All 14 are tenant owned mobile homes) and 6 vacant pad-sites. Each pad site is individually metered for electric and the park runs on City Water and septic systems. All of this is on 7.6 Acres giving room for adding more pad-sites. Lot rent is $350/m and the park pays for water/trash which are usually $500-$600/month.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $58,800 |
| Operating Expense: | $12,000 |
| Net Operating Income: | $46,800 |
| Expense Ratio: | 20.4 % |
Lot Information
| Singlewide Lots: | 20 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Video
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