Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 8.8%
- Listing ID: 362491
- Posted On: Feb 13, 2013
- Updated On: Jun 14, 2013
Description
PRINCIPALS ONLY: 44 spaces PLUS a duplex. Beautifully maintained MHP just off Hwy 101 in Florence, OR. The current owner cares for the park with meticulous detail and has, over the years, improved every aspect of the park. The Wells and Septic system are maintained by professional companies who are on a rotation schedule for maintenance. The roads were recently resealed, the duplex is in good shape and the landscaping is clean. Tenants love living here and spaces are easily filled. The lower unit in the duplex is being renovated and currently empty.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 46 |
Total Occupancy: | 95.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $340 |
Size: | 15 acre(s) |
Lot Information
Singlewide Lots: | 5 |
Doublewide Lots: | 40 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $620 |