Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.4%
- Listing ID: 1699918
- Posted On: Jun 26, 2022
- Updated On: Sep 29, 2022
Description
Great onsite management team that will stay
total hands-off ownership
36 lots with 36 rentals
great location
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2004 |
| Average MH Lot Rent: | $250 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $286,524 |
| Operating Expense: | $107,371 |
| Net Operating Income: | $179,153 |
| Expense Ratio: | 37.5 % |
Lot Information
| Triplewide Lots: | 36 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 36 |
| Average Rent for Park-owned Homes: | $650 |
