Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 171201
- Posted On: May 19, 2012
- Updated On: Jan 11, 2018
Description
Country setting describes Round Stone Mobile Home Park! There are 25 existing pads and room for 3 more. There are 13 mobile homes included in the sale. Half of the park has new water lines. The present income for the park is $110,700.00, and the Expenses are $42,353.85. There are 8 vacant pads for potential income. The park has a 11% Cap Rate. Great Investment!
Location
A rural, country setting.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 75.0 % |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $110,700 |
| Operating Expense: | $42,353 |
| Net Operating Income: | $68,346 |
| Expense Ratio: | 38.3 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $600 |
Other Listings by Scott Robert
All Age Community
54 Lots