Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1521405
- Posted On: Sep 26, 2021
- Updated On: Oct 23, 2021
Description
-Call for Offers October 15th
-106 lot manufactured housing community
-70% occupied
-Upside in raising rents to market, filling vacant lot with proven CASH program and billing back water/sewer/garbage
-City water and sewer
-The listing broker is a principal owner of this property.
Location
-Located in the thriving 400,000 population market of the Quad Cities on the Iowa / Illinois border along the Mississippi River
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 106 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1966 |
| Average MH Lot Rent: | $325 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $292,000 |
| Operating Expense: | $111,000 |
| Net Operating Income: | $181,000 |
| Expense Ratio: | 38.0 % |
Lot Information
| Singlewide Lots: | 106 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
