North
South
Covered Porch
Sidewalks
Playground
Common Space & Pond
Driveway/Gravel
Kitchen
Regional
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 7.0%
- Listing ID: 1681366
- Posted On: May 31, 2022
- Updated On: Sep 15, 2022
Description
Completed in 2022, Courtney Run MHP is 42 park-owned homes installed on gravel. Homes feature double-wide, concrete driveways and most have front and rear sidewalks. City water (passthrough), and septic system is maintained by contract. The park enjoys a beautiful common space with huge pond and playground.
Location
Three miles north of Walker Louisiana off Walker Rd.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2022 |
| Average MH Lot Rent: | $1,225 |
| Size: | 11 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $564,000 |
| Operating Expense: | $176,000 |
| Net Operating Income: | $388,000 |
| Expense Ratio: | 31.2 % |
Lot Information
| Singlewide Lots: | 42 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 42 |
| Average Rent for Park-owned Homes: | $1,225 |