Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.9%
- Listing ID: 2983500
- Posted On: May 23, 2023
- Updated On: Jul 2, 2024
Description
28 lot mobile home park and six single family rental houses; 0% vacancy.
Location
northeast section of Burlington, Alamance County, NC between NC Hwy. 87, to the west and NC Hwy. 62, to the east.
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Park Information
Number of MH Lots: | 26 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $265 |
Financial Information (Pro Forma)
Gross Income: | $139,140 |
Operating Expense: | $35,904 |
Net Operating Income: | $103,236 |
Expense Ratio: | 25.8 % |
Lot Information
Singlewide Lots: | 28 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |