Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 5.0%
- Listing ID: 1466797
- Posted On: Jun 28, 2021
- Updated On: Sep 1, 2021
Description
117 Lot Mobile Home Park on 35 acres a mixture of tenant owned homes and some park owned homes. Paved streets, city water and sewer. 2 miles from new asphalt distribution plant and a few miles from what will be a new 160,000 sq ft cryptocurrency data center there in town.
Location
Located between a brand new Holiday Inn Express Hotel, and the local St. Joseph's Hospital.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 117 |
Total Occupancy: | 50.0 % |
Year Built: | 1975 |
Average MH Lot Rent: | $190 |
Size: | 35 acre(s) |
Financial Information (Actual)
Gross Income: | $111,000 |
Operating Expense: | $80,000 |
Net Operating Income: | $30,000 |
Expense Ratio: | 72.1 % |
Lot Information
Singlewide Lots: | 100 |
Doublewide Lots: | 17 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $170 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 20 |
Average Rent for Park-owned Homes: | $450 |