Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 13008
- Posted On: Jun 2, 2010
- Updated On: Nov 18, 2011
Description
In the heart of the Bakken Oil formation, Dickinson is a thriving community struggling to accommodate the influx of new families moving in. This park has 159 -55�x110’ lots, paved streets, street lighting, city water and sewer, mature trees and is very conveniently located.
Seller will NNN leaseback (No expenses with NNN leaseback) from buyer at 10% return or sell outright providing we can continue to rent our park owned home lots. All lots are individually deeded for home/lot packages should buyer desire. Seller would turn over park to buyer or continue managing it for a fee.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 159 |
Total Occupancy: | 100.0 % |
Year Built: | 1980 |
Average MH Lot Rent: | $425 |
Financial Information (Actual)
Gross Income: | $612,000 |
Net Operating Income: | $612,000 |
Debt Info: | 2300000 |
Utility Information
Water: | City |
Sewer: | City |