Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Listing ID: 371857
  • Posted On: May 14, 2013
  • Updated On: Nov 19, 2013

Description

Beautiful family built and owned with pride in the late eighties, large 15,000 square feet lots, with individual septic tanks, utility meters, parking for 2 vehicles, paved roads, security street lights, quiet setting in rural community in single family home neighborhood, yet only 5 minutes from exit 83 from I-85.
50 minutes North of Charlotte airport.

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Park Information

Community Type: All Age
Number of MH Lots: 37
Total Occupancy: 70.0 %
Year Built: 1989
Average MH Lot Rent: $205
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $88
Operating Expense: $25
Net Operating Income: $57
Expense Ratio: 28.4 %

Lot Information

Singlewide Lots: 37

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $495

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