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 |