Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Listing ID: 1457812
  • Posted On: Jun 14, 2021
  • Updated On: Jan 14, 2022

Description

28 lots
19 rentals
8 rv lots
24 storage units

Location

Only mhp in Batesville city limits

Amenities

  • Laundromat
  • Storage
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 96.0 %
Average MH Lot Rent: $150
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $77,083
Operating Expense: $25,397
Net Operating Income: $51,665
Expense Ratio: 32.9 %

RV Information

Number of RV Lots: 8
Average RV Lot Rent: $350

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 19
Average Rent for Park-owned Homes: $400