Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 1681578
  • Posted On: Jun 2, 2022
  • Updated On: Aug 31, 2022

Description

Sites Total: 13
Storage Sites 26
(only 2 vacant)

*Resident Homes Average - $250/MO *Storage - $75

On Site Manager, However, Park can operate without.

City Water/City Sewer
13 Fully occupied tenant owned homes- direct billed for water/sewer/electricity/gas
100% Occupancy – Utilities directly billed to tenant.

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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Year Built: 1970
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $58,584
Operating Expense: $10,650
Net Operating Income: $47,934
Expense Ratio: 18.2 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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