Mobile Home Park Details
- Purchase Method: Assumable Loan
- Cap Rate: 5.6%
- Listing ID: 1547144
- Posted On: Nov 2, 2021
- Updated On: Dec 20, 2021
Description
Marcus & Millichap is pleased to present the opportunity to acquire Mobile Manor, an all age manufactured housing community located in Rosedale, Maryland - just outside of Baltimore. The community contains 36 sites that are 100 percent occupied serviced by public water and sewer.
Due to its location in the Baltimore MSA and easy access to US-40, its residents can benefit from a variety of activities, restaurants and shopping within a 20 minute drive.
Within a 15 mile radius of the community, the area boasts a population greater than 1,500,000 and a median housing value of $242,593.
Debt assumption terms are 3.39%, 12 year term, and 5 years I/O, with an origination date of 12/2019.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 36 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $630 |
Size: | 4 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $275,184 |
Operating Expense: | $78,821 |
Net Operating Income: | $196,363 |
Expense Ratio: | 28.6 % |
Lot Information
Singlewide Lots: | 36 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |