Mobile Home Park Details
- Cap Rate: 10.1%
- Listing ID: 13116
- Posted On: Jun 2, 2010
- Updated On: Oct 19, 2010
Description
Only selling to move some money into another investment. Have 4 other parks that could be sold but I only want to sell one. All on city utilities. Park in Volga is near Brookings (2 miles) and is easy to rent out vacant homes. Large cold storage building (50x80). Great manager that runs another park of mine will stay on if desired.
Amenities
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 45 |
Total Occupancy: | 94.0 % |
Average MH Lot Rent: | $135 |
Financial Information
Net Operating Income: | $77,000 |
Park-Owned Homes
Number of Park-owned Homes: | 7 |
Average Rent for Park-owned Homes: | $475 |