Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.4%
  • Listing ID: 13171
  • Posted On: Jun 2, 2010
  • Updated On: Aug 12, 2014

Description

Improved numbers, Cap rate now 12.4%, excellent return for a very nice park.

Very nice park in a nice area. City water and sewer paid by residents.

Park in excellent condition. Homes average less than 10 years old.

Homes average less than 10 years old.

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Park Information

Number of MH Lots: 25
Total Occupancy: 100.0 %
Average MH Lot Rent: $295

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $650

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