Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 6.5%
  • Listing ID: 1576080
  • Posted On: Dec 19, 2021
  • Updated On: Mar 4, 2022

Description

Welcome To Windsong A 21 Space Senior Mobile Home Park Community Located In Westport Washington. Awesome Features Including The Following: City Water & Sewer, Separate Water & Power Meters On Each Unit. Current Gross / Net: $124,673.76 / $90,503.76 With Current Cap Rate Of 6.51%. Proforma Gross / Net: $162,713.76 / $128,543.76 With A Cap Rate Of 9.24%. 10 Park Owned Units. Well Maintained Quiet Scenic Setting. Current Rents Well Below Market Rate In The Area. * Don't Miss Out On This Awesome Opportunity To Own A Beautiful Park With Great Upside!

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Park Information

Number of MH Lots: 21

Financial Information (Actual)

Gross Income: $124,674
Operating Expense: $34,170
Net Operating Income: $90,504
Expense Ratio: 27.4 %

Lot Information

Singlewide Lots: 14
Doublewide Lots: 5

Utility Information

Water: City

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