Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.7%
- Listing ID: 3620205
- Posted On: Aug 30, 2023
- Updated On: Dec 5, 2023
Description
Great park with 34 lots and 23 storage units. The water, sewer, gas and electric is direct billed to the tenants.
The storage units are in 3 separate buildings. The roof was replaced on one of the storage buildings in 2019.
The area is a great economic stable environment with very low unemployment.
Email me and I can discuss and give you the exact address.
Please do not talk to tenants or the manager at the property.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 57 |
| Total Occupancy: | 76.0 % |
| Average MH Lot Rent: | $300 |
Financial Information (Actual)
| Gross Income: | $127,317 |
| Operating Expense: | $39,259 |
| Net Operating Income: | $88,058 |
| Expense Ratio: | 30.8 % |
Lot Information
| Singlewide Lots: | 34 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $625 |