Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 10.9%
- Listing ID: 12803
- Posted On: Jun 2, 2010
- Updated On: Sep 5, 2011
Description
-10.89% Cap Rate with the Opportunity to Increase Occupancy with -More Focused Management
-Under $9,500 Per Site
-Many Upgrades to Community Infrastructure
-North Central Indiana Location
-Ample Acreage for Future Expansion
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 53 |
| Year Built: | 1965 |
| Size: | 29 acre(s) |
Financial Information
| Gross Income: | $98,296 |
| Operating Expense: | $43,836 |
| Net Operating Income: | $54,460 |
| Expense Ratio: | 44.6 % |
