Mobile Home Park Details
- Cap Rate: 9.0%
- Listing ID: 1326648
- Posted On: Sep 18, 2020
- Updated On: Feb 1, 2021
Description
*City water
*Expansion opportunity
*Homes with views of Cayuga Lake
*Good financial records and books
*Well operated park
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Park Information
| Number of MH Lots: | 30 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $325 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $123,300 |
| Operating Expense: | $65,286 |
| Net Operating Income: | $58,014 |
| Expense Ratio: | 52.9 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 15 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $750 |
