Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 4.4%
- Listing ID: 1474560
- Posted On: Jul 9, 2021
- Updated On: Mar 20, 2022
Description
97 subdivided lots
45 rentals
5 owner occupied
39 acres
Office & Maintenance Bldg
Location
In Cabot school district 3 miles from schools
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 97 |
| Total Occupancy: | 52.0 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $200 |
| Size: | 39 acre(s) |
Financial Information (Actual)
| Gross Income: | $219,840 |
| Operating Expense: | $57,530 |
| Net Operating Income: | $162,310 |
| Expense Ratio: | 26.2 % |
Lot Information
| Triplewide Lots: | 97 |
| Park Model Lots: | 5 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 45 |
| Average Rent for Park-owned Homes: | $550 |