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Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 341320
- Posted On: Nov 23, 2012
- Updated On: Jul 22, 2014
Description
Well run park located in beautiful Ames, Iowa:
Only 2 miles from Iowa State University
Stable tenant base with strong mid-west values
With only 2 park owned homes and experienced onsite mgmt, this is a VERY easy to run park!
Water provided by Municipal water supply company.
Major infrastructure improvements completed in 2011. Total improvements of over $500,000
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 61 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $230 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $108,000 |
| Operating Expense: | $32,000 |
| Net Operating Income: | $76,000 |
| Expense Ratio: | 29.6 % |
Lot Information
| Singlewide Lots: | 46 |
| Doublewide Lots: | 15 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $500 |
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