Mobile Home Park Details
- Cap Rate: 7.0%
- Listing ID: 2860759
- Posted On: May 8, 2023
- Updated On: Jul 17, 2023
Description
12 acre site 30 lots 1 vacant 1
Well/maint bldg 2 TOH 26 POH
18 2022-2023 units 8 of various
ages.
Location
Seneca Illinois 61360
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $1,200 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $380,000 |
| Operating Expense: | $80,000 |
| Net Operating Income: | $300,000 |
| Expense Ratio: | 21.1 % |
Lot Information
| Singlewide Lots: | 30 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $1,200 |
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