Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.2%
- Listing ID: 1393035
- Posted On: Feb 12, 2021
- Updated On: Apr 1, 2021
Description
38 spaces plus a studio. All RVs are park owned and are included in the sale. Only 2 block from a large shopping center. Public sewer. Public water. Rent includes gas & water. Tenants are billed for electric via sub-meters.
Location
Corner of Cogswell Rd. Just south of the #10 frwy and just west of the #605 frwy.
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 97.0 % |
| Year Built: | 1947 |
| Average MH Lot Rent: | $900 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $422,000 |
| Operating Expense: | $139,000 |
| Net Operating Income: | $223,000 |
| Expense Ratio: | 32.9 % |
Lot Information
| Singlewide Lots: | 38 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 38 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 38 |
| Average Rent for Park-owned Homes: | $900 |