Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 9.4%
- Listing ID: 14073
- Posted On: Jun 29, 2010
- Updated On: May 30, 2024
Description
Beautifully maintained 84 site RV/Mobile Home Park. The park is a 55+ community. Park also features a house with an office, an apartment, and 2 rec halls, manager can live on premises. Lots more income available in park if ran at full potential. Park also has potential for development in up coming years. Public sewer to approximate 50% of units, septic tanks for balance and city water. Tenants pay their own electric, water, sewer and trash. Park contains mostly park models. There has been no rent increase in 2 years.
Please fill out confidentiality agreement to receive any additional information.
Location
Address is not correct. Confidential sale, so buyer must execute and return attached C/A agreement before we can release the address, financials, rent rolls etc.
Amenities
- Laundromat
- Club House
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 84 |
| Total Occupancy: | 94.0 % |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $166,990 |
| Operating Expense: | $40,000 |
| Net Operating Income: | $126,990 |
| Expense Ratio: | 24.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
