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Mobile Home Park Details

Cap Rate: 7.5%
Listing ID: 2031434
Posted On: Feb 8, 2023
Updated On: Sep 5, 2023

Description

Price reduced!! 7.5 Cap based on actuals
75 lots plus 5 apartments
City water and city sewer
water is sub metered and charged to Tenant
electric is direct charged to Tenant

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Park Information

Community Type:	All Age
Number of MH Lots:	75
Total Occupancy:	69.0 %
Average MH Lot Rent:	$400

Financial Information (Actual)

Gross Income:	$385,200
Operating Expense:	$115,560
Net Operating Income:	$269,640
Expense Ratio:	30.0 %

Lot Information

Singlewide Lots:	48
Doublewide Lots:	1
Triplewide Lots:	0
Park Model Lots:	0

RV Information

Number of RV Lots:	3
Average RV Lot Rent:	$450

Utility Information

Water:	City
Water Paid By:	Tenant - Submetered
Sewer:	City

Park-Owned Homes

Number of Park-owned Homes:	45
Average Rent for Park-owned Homes:	$650

Lamplighter Village MHP 1201 Arkansas 161, Jacksonville, AR 72076

Off Market Price Reduced