Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.9%
- Listing ID: 1641079
- Posted On: Apr 6, 2022
- Updated On: Oct 6, 2022
Description
Park is located outside city of Kinston, approx. 7 miles, in country.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1986 |
| Average MH Lot Rent: | $225 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $96,420 |
| Operating Expense: | $7,100 |
| Net Operating Income: | $89,320 |
| Expense Ratio: | 7.4 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $475 |