Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.8%
- Listing ID: 1497745
- Posted On: Aug 17, 2021
- Updated On: May 16, 2022
Description
1 Double wide, 3 Single wides, in good condition. Currently fully rented. Rent includes space and home. Owner pays; water and septic cleaning, Tenant pays; trash, electric, and gas. Close to UNM Valencia Campus in Tome, NM. The double wide sits on a 1/2 acre fenced yard the other 3 units sit on approximately 1.25 acres. Each home has its own gate and all are completely fenced in. Each home is metered separately for electrical and gas. The shared well has a constant pressure pump and a 500 gallon storage tank. Please do not disturb tenants.
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Park Information
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
Financial Information (Pro Forma)
| Gross Income: | $49,000 |
| Operating Expense: | $9,310 |
| Net Operating Income: | $39,690 |
| Expense Ratio: | 19.0 % |
Lot Information
| Singlewide Lots: | 3 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $1,100 |