Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1300928
- Posted On: Aug 6, 2020
- Updated On: Feb 10, 2021
Description
5 lot trailer park with 4 trailers currently on it. 1 3 bedroom renting for $855, 1 2 bedroom for $655, 1 2 bedroom currently under construction but almost finished and will be renting for $695, 1 3 bedroom also under construction and almost finished but will be renting for $855 when finished.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $662 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $39,720 |
| Operating Expense: | $19,320 |
| Net Operating Income: | $20,400 |
| Expense Ratio: | 48.6 % |
Lot Information
| Singlewide Lots: | 1 |
| Park Model Lots: | 5 |
RV Information
| Average RV Lot Rent: | $250 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $765 |