Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.0%
- Listing ID: 17500
- Posted On: Oct 21, 2010
- Updated On: Nov 2, 2010
Description
Cash cow mobile home park with great upside for sale! This 20 unit mobile home park is located on a hard, lighted corner, is 90% occupied and is being sold with 5 RV's and 3 mobile homes. The future River Walk expansion project is expected to positively impact this area allowing for future redevelopment as possible C-Store or Walgreens etc. Owner says "Make an offer"
Location
Hard corner, high traffic area, close to the Riverwalk Expansion project and across from an elementary school.
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Park Information
| Total Occupancy: | 90.0 % |
Financial Information (Actual)
| Gross Income: | $45,949 |
| Operating Expense: | $16,128 |
| Net Operating Income: | $29,821 |
| Expense Ratio: | 35.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |