Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 1651287
  • Posted On: Apr 20, 2022
  • Updated On: Sep 2, 2022

Description

21 Pad Mobile Home Community with 19 tenant owned homes, 1 RTO and 1 POH, making for a very low maintenance and easy to manage mobile Home Community. This community is serviced by well and septic and has extra acreage for possible expansion. $250 pad rent is well under market rent making for easy value add with just rent increase.

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Park Information

Number of MH Lots: 21
Total Occupancy: 100.0 %
Year Built: 0
Average MH Lot Rent: $250
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $67,800
Operating Expense: $13,570
Net Operating Income: $54,230
Expense Ratio: 20.0 %

Lot Information

Singlewide Lots: 21

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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