Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 3057088
- Posted On: Jun 4, 2023
- Updated On: Aug 12, 2024
Description
Mobile Home Park in highly desirable city location in Maryville TN. Close to shopping restaurants and businesses.
Location
Approximately 2 acres with 9 mobile homes. Has 10 lots for Mobile Homes. All homes are occipied.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $700 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $70,500 |
| Operating Expense: | $500 |
| Net Operating Income: | $70,000 |
| Expense Ratio: | 0.7 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $700 |