Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.2%
- Listing ID: 1938856
- Posted On: Nov 22, 2022
- Updated On: Mar 7, 2023
Description
24.5 Acres
Sites Total: 50
Rental Homes Owned: 1 @ $500
Resident Owned Homes: 36 @ $350
Vacant Lots: 11 Teardowns: 2
Free Lot Rent for Manager, takes care of park maintenance and landscape.
All sites on paved streets, 55+ Community.
2 Wells – Metered
Septic Tank – City Sewer Available
Mineral Rights Negotiable
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 50 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $350 |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $157,200 |
| Operating Expense: | $45,107 |
| Net Operating Income: | $112,093 |
| Expense Ratio: | 28.7 % |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $500 |
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