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Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.5%
- Listing ID: 229025
- Posted On: Jul 20, 2012
- Updated On: Dec 4, 2012
Description
An all-age primarily singlewide community centrally located in Salem, Oregon. Great location and strong return!
Amenities
- Laundromat
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 71 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $415 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $356,115 |
| Operating Expense: | $132,448 |
| Net Operating Income: | $223,667 |
| Expense Ratio: | 37.2 % |
| Debt Info: | 10-year fixed at 5% |
Lot Information
| Singlewide Lots: | 69 |
| Doublewide Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |