Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.2%
- Listing ID: 1966115
- Posted On: Jan 4, 2023
- Updated On: Aug 2, 2023
Description
Sites Total: 62
Rental Homes Owned: 6
Resident Owned Homes: 45
Additional: 2 Commercial Buildings: $1,100 each.
1 Stick built home: 750Mo
Very Close to Rockford Airport!
Amazon and UPS Centers nearby!
Motivated Seller!
Park has: 17 Acres.
Well Water/City Sewer (park pays)
For more info, contact Frank
Info@birchrealty.com
Or call
(727) 592-2418
Location
Rockford has a large population of 150,000 and located an hour outside the large metro of Chicago.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 62 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $375 |
| Size: | 17 acre(s) |
Financial Information (Actual)
| Gross Income: | $300,000 |
| Operating Expense: | $94,000 |
| Net Operating Income: | $206,000 |
| Expense Ratio: | 31.3 % |
Utility Information
| Water: | Well |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $600 |
