Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.0%
- Listing ID: 1354023
- Posted On: Nov 10, 2020
- Updated On: Jul 12, 2021
Description
31 Units Park with 28 Mobile Spaces and 3 stick Built Homes.
$145,000-$150,000 Gross Proforma Income. $80,000 Performa NOI. Below Market Rents. Public Water and Sewer
Location
Within City Limits
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1938 |
| Average MH Lot Rent: | $420 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $150,000 |
| Operating Expense: | $70,000 |
| Net Operating Income: | $80,000 |
| Expense Ratio: | 46.7 % |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $900 |