Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 1356478
- Posted On: Nov 16, 2020
- Updated On: Sep 1, 2021
Description
Lakin Brokerage is pleased to present Sycamore MHP in Sullivan Missouri. This park offers consistent earnings, city utilities, and great upside. There is significant demand for affordable housing. This park is being sold with St. Joseph MHP in Cuba, MO.
Location
Close to shopping, schools, and restaurants including a Super Wal-Mart across the street.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 49 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $250 |
Size: | 11 acre(s) |
Financial Information (Actual)
Gross Income: | $217,080 |
Operating Expense: | $68,398 |
Net Operating Income: | $167,882 |
Expense Ratio: | 31.5 % |
Lot Information
Singlewide Lots: | 49 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 33 |
Average Rent for Park-owned Homes: | $245 |