Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 1440314
- Posted On: May 17, 2021
- Updated On: Oct 2, 2021
Description
Hummingbird Acres MHP was built in 2006, is situated on 15+/- Acres, and is licensed for 22 sites. There is also plenty of room to expand on existing land. There are 20 Owned Homes, 1 financed home, and management on site. The lots are approximately a 1/2 acre and can accommodate doublewides. Many recent updates throughout and is fully occupied!
Location
Great location, room to expand, level lots, can accommodate double wide homes
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $760 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $190,236 |
| Operating Expense: | $77,518 |
| Net Operating Income: | $112,718 |
| Expense Ratio: | 40.7 % |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $760 |
Other Listings by Scott Robert
All Age Community
54 Lots