Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.7%
- Listing ID: 1606210
- Posted On: Feb 16, 2022
- Updated On: Jul 29, 2024
Description
26 Licensed Lots
Rentals - 4
Owner Occupied - 11
Partially Developed Lots (need electrical) - 6
Vacant -5
City Water/City Sewer
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 62.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $300 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $69,300 |
| Operating Expense: | $19,318 |
| Net Operating Income: | $49,982 |
| Expense Ratio: | 27.9 % |
RV Information
| Number of RV Lots: | 9 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $600 |