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Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 248476
  • Posted On: Aug 15, 2012
  • Updated On: Apr 1, 2014

Description

Great Investment Opportunity Very Neat and Clean Mhp. The park has 11 Mobile home lots and 1 duplex the park is 100% occupied. There is a lot of upside to the property due to the current rents are under market at $215.00 per month. Rent increase of $10.00 set for April 1st 2014. Lot rent Includes water, sewer and garbage.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 11
Total Occupancy: 100.0 %
Average MH Lot Rent: $215
Size: 2 acre(s)

Financial Information

Gross Income: $38,400
Operating Expense: $11
Net Operating Income: $27,150
Expense Ratio: 0.0 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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