Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 12.0%
  • Listing ID: 15510
  • Posted On: Aug 17, 2010
  • Updated On: Nov 3, 2017

Description

19 MOBILE HOME LOTS SITTING ON A BEAUTIFUL 8 ACRE PARCEL OF LAND SURROUNDED BY TREES AND A NARROW CREEK PASSING THRU THE BACK SIDE OF THE PARK.
THIS PARK SITS RIGHT OFF SPRUCE STREET, MAIN HWY INTO TOWN.

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 74.0 %
Average MH Lot Rent: $160
Size: 8 acre(s)

Financial Information (Pro Forma)

Gross Income: $36,000
Operating Expense: $5,000
Net Operating Income: $31,000
Expense Ratio: 13.9 %

Lot Information

Singlewide Lots: 19

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City