Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.9%
- Listing ID: 1300909
- Posted On: Aug 5, 2020
- Updated On: Dec 2, 2020
Description
10 pad park with 8 tenant owned homes on site and two vacant lots. All public utilities with owner currently paying water and sewer. Contact Listing Broker for OM and additional details.
Location
Mobile home park in Clarion, IA. Commuting distance to both the Fort Dodge and Webster City metros.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 10 |
Total Occupancy: | 100.0 % |
Year Built: | 1977 |
Average MH Lot Rent: | $325 |
Size: | 1 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $31,200 |
Operating Expense: | $13,414 |
Net Operating Income: | $17,786 |
Expense Ratio: | 43.0 % |
Lot Information
Singlewide Lots: | 10 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 0 |
Average Rent for Park-owned Homes: | $325 |