Mobile Home Park Details
- Purchase Method: Cash
- Land: This is land for developing a mobile home park
- Cap Rate: 10.3%
- Listing ID: 1525389
- Posted On: Sep 30, 2021
- Updated On: Dec 31, 2021
Description
2.14 Acres of Prime Investment Land. Currently with 4 Mobile homes (not owned) paying lot rent. Lot rent is currently $200 per lot but can be increased to $400 per lot for more earning potential (average lot rent in Millers Creek. Cash Deals Only. Tenants Pay their own Water, Electric, Trash Pick up, and do their own lawn care. Property is Sub-metered.
Location
Prime Location & Great investment Opportunity
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $9,600 |
| Operating Expense: | $264 |
| Net Operating Income: | $9,335 |
| Expense Ratio: | 2.8 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |