Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.1%
- Listing ID: 1651158
- Posted On: Apr 19, 2022
- Updated On: Oct 10, 2022
Description
Sites Total: 65
Rental Homes (All RTO): 27
Resident Owned Homes: 21
17 Vacant Lots, 12 need water + electrical.
City Water/Septic – Park Pays
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $170 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $146,068 |
| Operating Expense: | $75,585 |
| Net Operating Income: | $70,501 |
| Expense Ratio: | 51.7 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
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