Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 13.6%
  • Listing ID: 1438539
  • Posted On: May 13, 2021
  • Updated On: Aug 17, 2021

Description

Great location on this simple money maker! 5 minutes from grocery/convernience store. 30 minutes from arch! All 17 park-owned units with high occupancy rate. Many units upgraded in last year. Public sewer/ park-owned water system. Includes 30x40 metal building with 200 amp service, concrete floor and high bay warehouse lights that could be rented out. Underground electric service to each unit with 200 amp service.

Location

Northern Jefferson County

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 88.0 %
Year Built: 1977
Average MH Lot Rent: $639
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $130,320
Operating Expense: $38,650
Net Operating Income: $91,675
Expense Ratio: 29.7 %

Lot Information

Singlewide Lots: 16
Doublewide Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 17
Average Rent for Park-owned Homes: $639

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