Photo of Community
Mobile Home Park Details
- Cap Rate: 7.1%
- Listing ID: 15461
- Posted On: Aug 17, 2010
- Updated On: Mar 13, 2012
Description
Established community with large lots and historically 100%
occupied. Strong Seller terms.
Location
Property includes 39 MH spaces, a one-bedroom apartment and four "stick-built" homes.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 39 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $285 |
| Size: | 12 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $167,209 |
| Operating Expense: | $47,526 |
| Net Operating Income: | $119,683 |
| Expense Ratio: | 28.4 % |
| Debt Info: | None |
Lot Information
| Doublewide Lots: | 39 |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $600 |
