Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0%
- Listing ID: 2012416
- Posted On: Jan 19, 2023
- Updated On: Apr 18, 2023
Description
Sites Total: 24
Vacant Lots: 12
Rental Homes Owned: 11
Resident Owned Homes: 1
Also has 1 stick built home (Manager pays $250)
For the Profit & Loss Email:
Info@birchrealty.com
Or
727-592-2418
Location
Located centrally between Cleveland and Pittsburgh.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $225 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $65,520 |
| Operating Expense: | $21,595 |
| Net Operating Income: | $43,925 |
| Expense Ratio: | 33.0 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $500 |