Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 10.0%
- Listing ID: 1531608
- Posted On: Oct 7, 2021
- Updated On: Jan 17, 2022
Description
51 mobile home lots
9 RV lots
10 acres approx
40 x 60 shop with office
Location
In city limits
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 51 |
| Total Occupancy: | 97.0 % |
| Year Built: | 19822016 |
| Average MH Lot Rent: | $250 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $246,000 |
| Operating Expense: | $127,800 |
| Net Operating Income: | $128,200 |
| Expense Ratio: | 52.0 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 51 |
| Park Model Lots: | 9 |
RV Information
| Number of RV Lots: | 9 |
| Average RV Lot Rent: | $250 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $560 |