Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1351425
- Posted On: Nov 5, 2020
- Updated On: Dec 18, 2020
Description
Lake County Multi Family Mobile Home Park. High income opportunity with great upside. This 15+ acre property includes 30 spaces (17 permeant), a men's and woman's bathroom, laundry room, front entry office with double carport, a 3 plex apartment with a studio, 3 bedroom 1 1/2 bath, and a 4 bedroom with 2 full baths. There is also a main office with upstairs living quarters, a cabin (needs renovation) and a barn. Overall, the property has been well maintained and parts have been renovated. Call listing agent for email brochure on property with more details.
Amenities
- Laundromat
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Park Information
Number of MH Lots: | 30 |
Total Occupancy: | 70.0 % |
Year Built: | 1950 |
Average MH Lot Rent: | $400 |
Size: | 15 acre(s) |
Financial Information (Actual)
Gross Income: | $142,680 |
Operating Expense: | $65,000 |
Net Operating Income: | $77,600 |
Expense Ratio: | 45.6 % |
Lot Information
Singlewide Lots: | 30 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $900 |