Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.6%
- Listing ID: 1651282
- Posted On: Apr 20, 2022
- Updated On: Aug 5, 2022
Description
15 Pad Mobile Home Park located in great rental market. The community is serviced by Well and septic. There are no Park Owned Homes, making for easy management and low maintenance. 100% occupancy gives new ownership comfort to raise rents without loss of tenancy. This is a great asset for the experienced investor as well as investors new to the the industry.
Location
Located in Bedford County near the Roanoke county, within 20 minutes of the Roanoke MSA making for close proximity to ample job opportunities shopping, restaurants and area attractions.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $250 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,134 |
| Operating Expense: | $10,747 |
| Net Operating Income: | $25,386 |
| Expense Ratio: | 29.7 % |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
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