Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 4.5%
- Listing ID: 1398022
- Posted On: Feb 25, 2021
- Updated On: Jul 19, 2021
Description
41 Spaces, 4 apartments, House
Location
Close to schools and shops
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 75.0 % |
| Year Built: | 19502020 |
| Average MH Lot Rent: | $825 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $594,000 |
| Operating Expense: | $170,000 |
| Net Operating Income: | $424,000 |
| Expense Ratio: | 28.6 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 7 |
| Park Model Lots: | 27 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
