Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.0%
- Listing ID: 1696855
- Posted On: Jun 21, 2022
- Updated On: Sep 8, 2022
Description
This Portfolio is located in Hamilton, MO. The portfolio consists of 40
developed Mobile Home Lots, 14 of which are currently being used as RV
lots. There is also the potential to put in additional lots at two of the
properties.
Contact Broker for Additional Details or visit https://property.creop.com/Portfolio/IMTVFIZP/ to review the OM
Location
Hamilton, MO is located in the Kansas City, MO MSA. Hamilton, MO is the home of Missouri Star Quilt Co. which employs over 450 people. The company recorded over $20 million in sales last year and is heavily invested in the town.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 40 |
| Average MH Lot Rent: | $375 |
Financial Information (Actual)
| Gross Income: | $133,320 |
| Operating Expense: | $28,955 |
| Net Operating Income: | $104,365 |
| Expense Ratio: | 21.7 % |
RV Information
| Number of RV Lots: | 16 |
| Average RV Lot Rent: | $550 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $375 |
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